Dugas v. Town of Donaldsonville

The opinion of the Court was delivered by

Fenner, J.

This suit is brought upon bonds of the Town of Donaldsonville of the same character, tenor and series as those involved in *669the ease of Justilien Oubre vs. the same defendant, just decided. That decision disposes of all the points involved in this case except the defense of want of consideration for the bonds sued on.

In the Oubre case the plaintiff was shown to be a third holder, for value, and by transfer before maturity of the negotiable bonds sued on; and we held that, as to such holder, the corporation could only maintain defenses…