Donaldson v. Maurin
Supreme Court of Louisiana
Appeal from the court of the first district. On the 24th of April, 1812, William Donaldson, by authentic act, sold to the defendant Maurin, two lots of ground for the price of 55600, to be paid at the will of the purchaser. and subject to an annual and perpetual interest . , , , , of six per cent, per annum, to be calculated from the first of January, 1812, and payable Half yearly on the first of July and first of January, in each year, until the whole principal should be…
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Appeal from the court of the first district. On the 24th of April, 1812, William Donaldson, by authentic act, sold to the defendant Maurin, two lots of ground for the price of 55600, to be paid at the will of the purchaser. and subject to an annual and perpetual interest . , , , , of six per cent, per annum, to be calculated from the first of January, 1812, and payable Half yearly on the first of July and first of January, in each year, until the whole principal should be paid. The act contained a stipulation that Maurin should not sell nor alienate said lots, or any part thereof, until final…
1Opinion of the CourtMathews, J.
This suit is brought by the testamentary heir of William Donaldson, to recover the price of two certain lots of ground situated in Donaldsonville, sold by the testator to the defendant Maurin, for the sum of 600 dollars and interest thereon, at the rate of six per cent, per annum, from the 1st day of January, 1812. According to the terms of the act of sale, the purchaser was bound to pay the interest half yearly until the price should be paid, which he was at liberty to pay in any sums and at any time that he might choose, &c. A mortgage on the property sold was expressly reserved for…
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