American Homestead Co. v. Linigan
Supreme Court of Louisiana
PPEAL from the Civil District Court, Parish of Orleans. . King, J. East Pascagoula Company vs. West, 13 An. 545; Liverpool and London Insurance vs. Hunt, 11 An. 628; Armorer vs. Case, 9 An. 242; Devall vs. Succession Watterston, 18 An. 136; Smith vs. Smith, 3 Dessansnre Sa. Car. 657; Danforth’s Digest (verbo Estoppel), p. 411; Wallace vs. Loomis, 97 U. S. 146; Close vs. Glenwood Cemetery, 107 U. S. 466; Daniels vs. Tearney, 102 U. S. 415; Casey vs. Galli, 94 ü.
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PPEAL from the Civil District Court, Parish of Orleans. . King, J. East Pascagoula Company vs. West, 13 An. 545; Liverpool and London Insurance vs. Hunt, 11 An. 628; Armorer vs. Case, 9 An. 242; Devall vs. Succession Watterston, 18 An. 136; Smith vs. Smith, 3 Dessansnre Sa. Car. 657; Danforth’s Digest (verbo Estoppel), p. 411; Wallace vs. Loomis, 97 U. S. 146; Close vs. Glenwood Cemetery, 107 U. S. 466; Daniels vs. Tearney, 102 U. S. 415; Casey vs. Galli, 94 ü. S. 673; Pochelu vs. Kemper, 14 An. 307. Williams vs. Lodge Masons of Monroe, 38 An. 620; Polar Star Lodge vs. Polar Star Lodge, 16…
1Opinion of the Court
The opinion of the court was delivered by
Breaux, J.
In 1883, the “ American Homestead Company ” was organized.
The charter sets forth that the association shall have authority to loan money on security and to sue and be sued; that the shares shall be paid in weekly instalments.
It was agreed that each stockholder, not in arrears, should be entitled to receive a loan of two hundred dollars for each share of stock held by him (less premiums), when the funds in the treasury justified ; the interest on the loans was fixed at the rate of six per cent, per annum, in weekly instalments; fines were…
2Cases cited6 opinions
- Casey v. GalliSupreme Court of the United States · 1877
- Lloyd v. ScottSupreme Court of the United States · 1830
- Spain v. Hamilton's AdministratorSupreme Court of the United States · 1864
- Reeve v. Ladies' Building Ass'nSupreme Court of Arkansas · 1892
- McLaughlin v. Citizens Building, Loan & Savings Ass'nIndiana Supreme Court · 1878
1 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Washington Investment Ass'n v. StanleyOregon Supreme Court · 1901
- Franklin Opera House Co. v. ArmstrongCourt of Appeals for the First Circuit · 1904
- Blanc v. Germania Nat. BankSupreme Court of Louisiana · 1905
- American Homestead Co. v. KarstendiekSupreme Court of Louisiana · 1903
- Manship v. New South Building & Loan Ass'nU.S. Circuit Court for the District of Southern Mississippi · 1901
2 more not listed; retrieve them via the Exa API.