Keystone Life Ins. Co. of Louisiana v. Von Schlemmer
Supreme Court of Louisiana
Action by the Keystone Life Insurance Company of Louisiana against Bernard Von Sehlemmer. Judgment for plaintiff was affirmed in the Court of Appeal, and defendant applies for certiorari or writ of review.
1Opinion of the CourtProvosty, J.
Sued by the plaintiff company on his subscription to 50 shares of its capital stock, the defendant seeks to escape liability by pleading an alleged fatal variance between the charter of the company and the terms of his subscription; the charter requiring subscriptions of stock to be “paid in cash,” and the terms of his subscription being “25 per cent, per month until full payment”
*281The district court and also the Court of Appeal (the case is here on writ of review) were of the opinion that hy payment “in cash” the charter means no more than that payment shall not be in anything hut money, and…
2Cases cited1 opinion
- Wormser v. Metropolitan Street Railway Co.New York Court of Appeals · 1906
3Cited by12 opinions
- Sanders De Hart v. Continental Land Fur Co.Supreme Court of Louisiana · 1944
- City of Shreveport v. ChatwinSupreme Court of Louisiana · 1916
- Martin v. Louisiana Central Lumber Co.Supreme Court of Louisiana · 1922
- Hartsfield v. GreenLouisiana Court of Appeal · 1952
- Parish Board of School Directors v. AlexanderSupreme Court of Louisiana · 1910
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