Coley v. Family Loan Co.

Plaintiffs, Coley and wife, negotiated a loan from defendant, engaged in the business of lending money under the Small Loan Statute, evidenced by note for $140', dated July 22, 1930, and secured by a chattel mortgage. The note contains this provision: “If this note is not paid in full as due according to the terms thereof we hereby authorize and appoint Leo Bearman,. an attorney of Memphis, Tennessee, as our attorney in fact, after it becomes due, to go before any justice of the peace in Shelby County, Tennessee; or into any court having jurisdiction of the amount and confess judgment in…