Sulphur Bank & Trust Co. v. Medlock
Supreme Court of Oklahoma
Error from District Court, Murray County; B. McMillan, Judge. Action by the Sulphur Bank & Trust Company against J. R. Mecllock and others. Judgment for defendants, and plaintiff brings erorr.
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Error from District Court, Murray County; B. McMillan, Judge. Action by the Sulphur Bank & Trust Company against J. R. Mecllock and others. Judgment for defendants, and plaintiff brings erorr. This action was begun in the district court of Murray county on the 25th day of November, A. D. 1907, by the plaintiff in error, the Sulphur Bank & Trust Company, as plaintiff, against the defendants in error, J. R. Mecllock, W. M. Medlock, and C. W. Medlock, as defendants, on a certain promissory note in the sum of $250, dated January 21, 1907, payable to the order of Med-lock Bros., in said sum, with…
1Opinion of the CourtWilliams, J.
(after stating the facts as above). The question here raised is whether or not the contract is rendered usurious and void by the plaintiff in error charging $25 interest for the use of $225 for 8 months and 10 days. This case is controlled by the law as it existed in the Indian Territory at the time of the admission of the state into the Union. Chapter 109, Mansf. Dig. Ark. (chapter 50, Ind. T. Ann. St. 1889), was extended over the Indian Territory by Act Cong. May 2, 1890, c. 182, sec. 31, 26 Stat. 94, and section 4732, Mansf. Dig. (section 3043, Ind. T. Ann. St. 1899), provides:
“All…
2Cases cited2 opinions
- Brewer v. RustSupreme Court of Oklahoma · 1908
- Taylor v. MerrellSupreme Court of Oklahoma · 1908
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