First State Bank of Mangum v. Lock

This action was commenced in the district court of Greer county on June 2. 1916, by O. A. Lock, as plaintiff, against the First State Bank of Mangum, as defendant, to recover $4,234.10 by reason of usurious interest which he alleged the bank had reserved and collected from him in the sum of $2,117.05 for the loan of money from defendant bank in a series of transactions beginning in January, 1911, and ending in March, 1916; skid amount sued for being due, as the plaintiff alleged, under the statute of this state providing for the collection of an amount double that of the alleged usurious…