Flagg v. Florence Discount Co.

KNIGHT, Justice.

The initial pleading in this cause was a bill by appellant J. T. Flagg against the Florence Discount Company, a corporation, B. P. Paxton, and Robert L. Lovelace. The purpose of the bill was to enjoin foreclosure of a mortgage, pending ascertainment of the true amount due thereon, the transfer of the notes secured by the same, to purge the notes and mortgage of usurious' interest, and for an ascertainment of the balance due on the mortgage indebtedness. In this bill complainant offered to do equity.

The bill averred that the complainant had purchased a house and lot in the city…