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B.C. ZIEGLER & CO. v. PORTLAND SANITARIUM & BEN.

534 P.2d 980 (1975)

B.C. ZIEGLER AND COMPANY, Respondent, v. PORTLAND SANITARIUM AND BENEVOLENT ASSOCIATION, Dba Portland Adventist Hospital, Appellant.

Supreme Court of Oregon, In Banc.

Decided May 1, 1975.

Attorney(s) appearing for the Case

Christopher P. Thomas, Portland, argued the cause for appellant. With him on the brief were Kell, Alterman, Runstein & Thomas and Clifford B. Alterman, Portland.

Clifford N. Carlsen, Jr., Portland, argued the cause for respondent. With him on the brief were Miller, Anderson, Nash, Yerke & Wiener and J. Franklin Cable, Portland.

O'CONNELL, Chief Justice.

Plaintiff seeks a declaration that the Oregon usury laws (ORS Chapter 82) are not applicable to a sale of defendant's bonds pursuant to an agreement entered into between plaintiff and defendant. The trial court entered a judgment declaring, in effect, that the transaction was not usurious. Defendant appeals. We affirm.

Defendant is a non-profit corporation which is in the process of constructing and equipping a new hospital and medical...

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