Bourgeois v. Jacobs

The opinion of the court was delivered by

Watkins, J.

On the 7th of March, 1878, Octave Jacobs became the purchaser of a sugar plantation in the parish of St. James for-the sum of $42,300, and of this he paid $15,000 in cash, and for the residue he issued a series of promissory notes payable to his own order, and same were by himself endorsed; and to secure the same he stipulated and consented to a special mortgage and recognized the vendor’s lien on the property.

Amongst others, there were three notes — one for $3850, one for $1100 and one for $550 — all of which matured on the 1st of February,…