Brock v. Natalbany Lumber Co.

LE BLANC, Judge.

The sole issue before the court in this case is a plea of compensation made by the defendant against the liquidator of an insolvent bank in which it had a deposit amounting to the sum of $1,501.71, at the time the bank closed its doors. The facts, as we understand, are not disputed.

On May 15, 1926, the defendant, Natal-bany Lumber Co. Limited, through its authorized officer, made and executed its promissory note in the sum of $10,000, payable on demand at the Hammond State Bank, Hammond, La., to the order of F. L. Pantall. Later on, Pantall, payee and holder of the note,…