Sherrill v. . Hood, Comr. of Banks

Tbe allegations and contentions of tbe plaintiff, denied and controverted by tbe defendants, wbicb gave rise to tbe first issue as to tbe taking and receiving from tbe Carolina Spinning Company of usurious interest on a loan of $40,000 to it by tbe Independence Trust Company, either for itself or as trustee, are tbat prior to 1928 tbe North State Cotton Mills Company, a corporation, bad executed a deed of trust to tbe Independence Trust Company, trustee, on its real estate, plant, and machinery, securing an indebtedness of $100,000 to said trust company wbicb was due in December, 1928, and…