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ASSOCIATES DISCOUNT CORPORATION v. RAY

Civ. A. No. 10258.

359 F.Supp. 73 (1972)

ASSOCIATES DISCOUNT CORPORATION v. Louis M. RAY.

United States District Court, W. D. Louisiana, Monroe Division.

April 14, 1972.

Attorney(s) appearing for the Case

Hayes, Harkey & Smith, Louis D. Smith, Monroe, La., and George E. Herendeen, South Bend, Ind., for plaintiff.

Hewitt B. Johnson, Monroe, La., for defendant.

PUTNAM, District Judge.

MEMORANDUM OPINION

Associates Discount Corporation, a foreign corporation organized under the laws of Indiana, sues defendant, L. M. Ray, a citizen of Louisiana, residing in Monroe, for a balance due on a note executed by L. M. Ray Corporation on August 22, 1962, in the principal sum of $150,000.00, payable in semi-annual installments of $18,750.00 each, commencing February 22, 1963, with interest at the rate of 8% per annum from...

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