Matlack Properties, Inc. v. Citizens & Southern National Bank

The appellant in this case was a Florida corporation organized under Sections 4049 R. G. S. 1920, et seq., brought forward as Sections 5978, et seq., C. G. L. 1927. When sued in a mortgage foreclosure proceeding, it attempted to defend on the ground of usury. The defense of usury having been appropriately asserted, was overruled by the Chancellor. From the final decree of foreclosure the appellant corporation has appealed. Hence the main proposition required to be decided by this Court upon the facts adduced, and upon the pleadings interposed in the Court below, is whether or not a Florida…