Comeaux v. Savoy

MOUTON, Judge.

Plaintiff leased to defendant thirty acres of land on a rental of one-third of the crop raised thereon for the current year 1930, 1931.

The principal crop to be grown on the property was sugar cane. To secure the necessary .advances to make the crop, defendant, Savoy, entered in to an agreement for a loan from the State Agricultural Credit Corporation. To represent the sum of $604 borrowed from the corporation, defendant executed ten promissory notes, on January 30, 1931, for different amounts, payable, November 15, 1931, bearing 8 per cent, interest, with a penal clause of 10…