Acadian Production Corp. of Louisiana v. Tennant

PONDER, Justice.

The plaintiff brought suit to set aside an assignment whereby it had transferred to defendant a 5.484004% of the %ths working interest in a mineral lease on property located in St. Martin Parish on the grounds that the party supposedly representing plaintiff in signing the assignment was not authorized to do so and was acting under a non-existent resolution of the Board of Directors. The defendant opposed the suit claiming that he had been employed as an attorney by the plaintiff corporation in pursuance to a resolution dated January 20, 1940 to defend a suit which had been…