City Purchasing Co. v. Clough

Plaintiff alleges that lie procured a loan from the defendant at a rate of interest in excess of that authorized by the provisions of the act approved August 17, 1920 (Ga. L. 1920, p. 215), and that in order to secure the loan he was required to execute in blank what purported to be an unconditional assignment of his salary to the defendant, with the express understanding, however, that the assignment was not “to be completed or used by defendant except as evidence of the indebtedness, and then only in the event of petitioner’s death or refusal to pay same.” The petition alleges that the…