Dowler v. Georgia Enterprises, Inc.

Defendant owed complainant a debt, which bore interest at six per cent per annum. The bill was filed, under the declaratory judgments law, to determine the rule for computing the interest. The contract creating the obligation contained this provision:

“And the balance, amounting to $160,000, to he paid by ‘Georgia’ either by (a) promissory notes of ‘Georgia’ to the order of F. H. Dowler, Trustee, payable at Hamilton National Bank, bearing date one week after the last payment on the latest maturing of the three promissory notes mentioned in subdivision (d) of this Article, and payable one year…