QUINN-MOORE v. LAMBERT

No. 80-150.

614 S.W.2d 230 (1981)

QUINN-MOORE et al., Appellants, v. Beverly J. LAMBERT, Bank Commissioner, et al., Appellees.

Supreme Court of Arkansas.

April 20, 1981.


Attorney(s) appearing for the Case

Friday, Eldredge & Clark by Herschel H. Friday and George Pike, Jr., Little Rock, and Stephen A. White, Charleston, for appellants.

Steve Clark, Atty. Gen., Little Rock by Merl O. Barns, Deputy Atty. Gen. and Frederick K. Campbell, Asst. Atty. Gen., for Beverly J. Lambert, Steve Clark, and State.

James E. Youngdahl, Little Rock, for AFL-CIO of Arkansas.

Central Arkansas Legal Services by Bill Rahn and Thomas J. Ginger, Little Rock, for Eliz. McAllester.


GEORGE ROSE SMITH, Justice.

This is a test case brought to challenge the constitutional validity of Article 19, § 13, of the 1874 Constitution of Arkansas, which provides that all contracts for a greater rate of interest than 10% per annum shall be void as to principal and interest. More than 130 witnesses presented testimony, much of it cumulative, at a six-week trial. This appeal is from a judgment holding that our...

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