Blanks v. American Southern Trust Co.

Appellee brought this suit against appellant in the circuit court of Pulaski County, Second Division, upon a renewal note executed by him and others to recover $83,313.70. Appellant filed an answer, admitting the execution of the note, but denying liability thereon for the alleged reasons:(1) That it was. executed pursuant to a transaction prohibited by § 8, article 12, of the Constitution of the State, §■§ 750 to 771, inclusive, of Crawford & Moses’ Digest, and §§ 1703, 1727, of Crawford & Moses’ Digest; also § 13 of article 19 o,f the Constitution of the State of Arkansas, and §§ 7354 and…