Rex Credit Co. v. Long

LECHE, Judge.

The Rex Credit Company, Inc., filed this suit as the holder and owner of a promissory note reading in part as follows:

“New Orleans, La., May 9,1931.

“Amount of Note $275.00

“For Value Received, we the makers, signers, endorsers, guarantors, sureties, and each of us jointly, severally, and in solido, promise to pay to the order of Rex Credit Company, Incorporated.

Two Hundred & Seventy-Five Dollars .

(Exact amount of loan)

with 3½ per cent, interest per month from date on the unpaid balance until paid-and to pay said rate of interest per month on the' unpaid balance after maturity…