Smith v. State

The Court of Civil Appeals has sustained the authority of the Attorney General to maintain suits in the District Courts of this State to enjoin those who habitually loan money at usurious interest rates. See, State of Texas v. Walker - Texas Investment Co., et al, 325 S.W. 2d 209. L. C. Smith has filed an application for writ of error in this Court.

1 Chapter 144 of the Acts of the 48th Legislature (Acts 1943, p. 227, Article 4646b, Vernon’s Ann. Texas Stats.) provides that the State of Texas may secure an injunction against those engaged in the business of habitually loaning money at usurious…