Peoples' Bank v. Lemarie

The opinion of the court was delivered by

Breaux, J.

The following is a copy of the written instrument upon which this suit was brought:

“New Orleans, January 20th, 1896.

“We, the undersigned stockholders of the New Orleans Abattoir Co., Ltd., do hereby bind and obligate ourselves jointly unto the Peoples’ Bank of New Orleans in the sum of twenty thousand dollars ($20,000) to cover any over-drafts which have been or may be made by the New Orleans Abattoir Co., Ltd., up to said amount with eight per cent, interest per annum, and do bind and obligate ourselves jointly to pay said sum on demand.” ■

Th…