Federal Land Bank of New Orleans v. Carpenter

TALIAFERRO, Judge.

These two suits were consolidated for trial in the district court and here. The facts, issues, and legal principles applicable thereto are nearly identical.

In the year 1923, W. B. Sively, Jr., by two different acts, mortgaged to the Federal Land Bank of New Orleans, La., several tracts of improved farm land in Morehouse parish. The first mortgage executed covered 160 acres and the second one covered tracts aggregating 391.27 acres. Each mortgage contained the pact de non alienando. In the year 1928, the mortgagor conveyed the lands affected by both mortgages to his father,…