Marble Savings Bank v. Davis

Mr. Judge GERMAN

delivered the opinion of the Commission of Appeals.

This case was upon an agreed statement of facts and the sole question for decision is one of usury. The trial court held the contract was usurious and its judgment was affirmed by the Court of Civil Appeals. 69 S. W. (2d) 812. A full statement of facts is found in the opinion of the Court of Civil Appeals, and we set out here only such provisions of the contract as will enable us to dispose of the question for decision.

The principal note was dated February 1, 1922. It was for the sum of $2,350.00, payable January 1, 1933, with…