Thrift Finance Company v. State

DIXON, Chief Justice.

On April 17, 1959 the State of Texas through its Attorney General filed suit pursuant to Art. 4646b, Vernon’s Ann.Civ.St. against Delmas M. Pulley, individually and doing business as Thrift Finance Service to enjoin the latter from violating the usury laws, Art. 16, sec. 11 of the State Constitution, Vernon’s Ann.St. and Art. 5069, V. A.C.S.

Sec. 1 of Art. 4646b, V.A.C.S.'provides that the Attorney General may institute suit to enjoin any person from charging usury who is engaged in the business of habitually loaning money for the use and detention of which usurious…