Conservative Homestead Ass'n v. Flynn

ROGERS, Justice.

• The Conservative Homestead Association is a corporation organized and operating under the building and loan laws of this state. On June 5, 1922, the association acquired and recorded a vendor’s lien and privilege for $2,500 against a certain piece óf real estate situated in the city of New Orleans. On September 15, ■1928, Mrs. Cecile Levenberg purchased’ the property from the city of New Orleans for delinquent city taxes for the year 1926. Upon default of George W. Flynn, its mortgage debtor, the Conservative Homestead Association instituted the usual foreclosure proceeding…