New Orleans Gas Light Co. v. Bennett

The judgment of the court was pronounced by

Rost, J.

The plaintiffs are the holders of a large portion of the bonds issued by the Clinton and Port Hudson Railroad Company, and secured by stock mortgages. The company being insolvent, and its charter having been declared forfeited by a decree of court, they claim from the defendant the entire amount of the stock for which he subscribed; and pray that the property mortgaged by him to secure it be subjected to their claim.

The district attorney in behalf of the State, and the liquidator appointed under a law of the State to settle the affairs of the…