New Orleans National Bank v. Raymond

The opinion of the court was delivered by

Spencer, J.

The Union National Bank of New Orleans sold to Joseph Raymond by authentic act of date the twenty-seventh of February, •1873, a certain parcel of ground in the square bounded by First, Second, Dryades, and Baronne streets, for tho price of $14,666 66, one-fifth of which was paid in cash, and for the balance Raymond executed notes at one, two, three, and four years, secured by special mortgage and pact of aion alienando on the property.

On the tenth of April, 1873, Raymond entered into a contract with the city of New Orleans, acting through…