Gough v. State Realty Co.

HAWTHORNE, Justice.

This is an appeal from a judgment of the Civil District Court for the Parish of Orleans, authorizing the receiver of State Realty Company, Inc., to sell certain real estate belonging to the corporation at private sale at a minimum price of $20,000 in cash, which sum represents an offer for the purchase of the property made by one Anthony DiMarco.

To the application of the receiver to sell the property at private sale under the provisions of Act 43 of 1924, John T. Gough, alleging himself to be the owner of one-half of the outstanding stock -of the corporation and…