Deming Inv. Co. v. Stigall

This case involves the question of usury. It arose under the following facts: On February 28, 1923, W. J. Stigall and wife executed and delivered to the Deming Investment Company their note for $2,000, due ten years after date, bearing interest at the rate of 5 1/2 per cent. per annum, evidenced by ten coupon interest notes thereto attached. They also executed a deed of trust on 63 1/2 acres of land in Milam county, to secure the payment of said note. On the same date they executed to the Deming Investment Company, as additional interest on said principal note, ten notes in the sum of $30…