Ray v. Denver

The sole question presented on this review is whether Denver ordinance No. 49, Series 1941, passed June 2, 1941, is invalid by reason of its alleged conflict with the state law (chapter 157, S.L. 1935; sections 6 to 21 inclusive, chapter 88, ’35 C.S.A.), concerning interest rates and charges on loans of $300 or less each. In a declaratory judgment action instituted by plaintiff in error, to whom we shall hereinafter refer as plaintiff, the district court adjudged that no conflict existed and held the ordinance valid. The complaint alleged that the plaintiff, as a licensee under the state law,…