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COMMERCE SAV. ASS'N v. GGE MANAGEMENT CO.

No. 16536.

539 S.W.2d 71 (1976)

COMMERCE SAVINGS ASSOCIATION OF BRAZORIA COUNTY, Appellant, v. GGE MANAGEMENT CO. et al., Appellees.

Court of Civil Appeals of Texas, Houston (1st Dist.).

Rehearing Denied July 1, 1976.

Attorney(s) appearing for the Case

Don Stocking, Kronzer, Abraham & Watkins, W. James Kronzer, Houston, M. K. Woodward, Austin, for appellant.

J. Eugene Clements, Walter T. Weather, Jr., Houston, for appellees Gilbert Gertner and GGE Management Co.; Sewell, Junell & Riggs, Houston, of counsel.

Emory T. Carl, Howard C. Lee, Jr., Houston, for appellee Richard B. Merrill, Jr.; Carl, Lee & Fisher, Houston, of counsel.

Conway F. Jordan, Jr., Gary L. Leech, Houston, Strasburger, Price, Kelton, Martin & Unis, Royal H. Brin, Jr., Dallas, for appellee J. B. Westmoreland.

ON THIRD MOTIONS FOR REHEARING

EVANS, Justice.

A usury case.

After consideration of all parties' motions for rehearing, we withdraw our earlier opinions and substitute this opinion in lieu thereof.

Gilbert Gertner, individually and as president of GGE Management Company, executed a promissory note to Angleton Savings Association dated April 17, 1970, in the principal amount of $600,000.00. This...

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