In Re Canal Bank & Trust Co.

* Rehearing denied June 24, 1935. Intervener, Grand Consistory of Louisiana, seeks in this proceeding to be recognized as a privileged creditor in the sum of $999.54, invoking the provisions of Act No. 63 of 1926. There was judgment below dismissing the petition in intervention, and an appeal has been taken to this court.

The facts necessary to a decision of the question presented are not disputed. On March 1, 1933, and for some years prior thereto, the Canal Bank Trust Company had in its possession certain securities belonging to intervener in a sum in excess of $100,000. Under an agreement…