Harris v. Lasalle Fire Insurance

This is a suit to rescind a subscription to the capital stock of the defendant corporation and for return of the money paid on account thereof. Defendant reconvenes claiming the balance due on the subscription. From a judgment against it, defendant appeals.

Plaintiff subscribed to twenty-five shares of the capital stock of the Liberty National Fire Insurance Company of New Orleans, whose charter was subsequently, by proper proceedings, amended and the name changed to the La Salle Fire Insurance Company, defendant herein. He gave the corporation three notes of $625.00 each maturing at short…