Chandler v. Guaranty Mortgage Co.

SMITH, Chief Justice.

On August 31, 1929, C. C. Chandler and wife, Ernesteen, of Corpus Christi, borrowed $3,600 from the Guaranty Building & Loan Company, a Galveston. corporation, evidenced by their two identical coupon notes, as follows (date and signatures omitted) :

“For Value Received, I promise to pay to the Guaranty Building & Loan Co., at its office in Galveston, Texas, in gold coin of the United States of present value, weight and fineness, the sum of $1,800.00, with in terest thereon from date until paid at the rate of eight per cent per annum in 124 installments of $22.50 each,…