Schmid, Recr. v. Nat'l. Bank

This suit was filed in the District Court of Wichita County, Texas, by W. A. Schmid, as receiver for the Zenith Oil Producing Company, against City National Bank of Wichita Falls, Texas, and City National Company of Wichita Falls, Texas, both corporations, to recover for usurious interest, alleged to have been paid on a loan negotiated and consummated as will be hereinafter shown. Trial in the district court, where the case was submitted to a jury on special issues, resulted in a verdict and judgment for the defendants. On appeal, this judgment was affirmed by the Court of Civil Appeals at…