Donoghue v. State

McClendon, chief justice.

In this opinion for convenience we shall use the initials FC to designate the Federal Finance Cofnpany; the initials ATSB and the Bank to designate the Avoyelles Trust and Savings Bank (a banicing corporation chartered under the laws of Louisiana and located in the town of Bunkie, Avoyelles Parish, in that State); and the initials DP and DL to designate, respectively, discount paper and direct loan.

The suit was brought by the State, under art. 4646b, Vernon’s Ann.Civ.St, Chap. 144, p. 227, Acts 48 Leg., 1943, Reg. Séss., sometimes referred to as “Anti-Usury Injunction…