Ouachita Securities Corporation v. Cooper

ROGERS, Justice.'

Plaintiff holding two promissory notes, one for $30,000 and the other for $7,500, secured by mortgage on something in excess of fifteen hundred acres of land in Caddo pariáh sued to enforce its mortgage rights. Before the suits were put at issue, the defendants by rule invoked the benefit of the provisions of Act No. 159 of 1934 (Mortgage Moratorium Law), and asked for a stay of proceedings, alleging their willingness to deposit in court the amount of the accrued costs.

In its return to the rule, respondent pleaded the unconstitutionality of the statute, excepted to the…