Opinion

Sumner v. Board of Pensions of the Presbyterian Church of the United States

  • 81 S.W.2d 1119
Court
Court of Appeals of Texas
Filed
Nov 28, 1934
Status
Published
Author
Blair
On the bench
Blair
Cited by
1 cases
Authority
More cited than 54.8%

The opinion

BLAIR, Associate Justice.

Appellees, Board of Pensions of the Presbyterian Church of U. S. A., and H. C. Glenn, receiver of the Temple Trust Company, sued appellants, O. W. Sumner and wife, oh their $8,500 principal note and their $1,714.17 interest note, secured, respectively, by first and second deed of trust liens on 1,140 acres of land, and for interest, attorney’s fees, and foreclosure of the liens. Appellants pleaded that the loan contract was usurious from its inception. The trial court' construed the loan contract not to he usurious, and accordingly rendered judgment for appellees as prayed; hence this appeal.

The loan contract in suit contains the same or similar provisions to the loan contract involved in tile case of Walker v. Temple Trust Company, 60 S.W.(2d) 826 , wherein this court construed such provisions as evidencing the intention of the parties to guard against the payment of usury, holding that where there are doubtful or conflicting provisions in a loan contract, an unlawful intent will not be imputed where a lawful one may just as consistently be imputed. Upon the authority of the Walker Case the judgment in the instant case will be affirmed. See, also, American Trust Company v. Orson (Tex. Civ. App.) 65 S.W.(2d) 779 , and Reynolds Mortgage Co. v. Thomas (Tex. Civ. App.) 61 S.W.(2d) 1011 .

Affirmed, •

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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