Crain v. Bank of Osyka
Supreme Court of Louisiana
Appeal from Twenty-Sixth Judicial District Court, Parish of Washington; Thomas M. Burns, Judge. Action by Nathan 0. Crain against the Bank of Osyka and Joe N. Magee. Judgment for plaintiff, and defendant bank appeals.
1Opinion of the CourtLand, J.
Nathan C. Crain, a head of a family, consisting of a wife and five children, owned 120 acres of land, which he occupied as a homestead.
In 1907, under the form of a sale and resale, Crain mortgaged SO acres of his homestead to the McLain & Varnado Company, and gave his note for $1,000, payable to the order of said company and secured by mortgage and vendor’s privilege on the premises. The Bank of Osyka acquired the note in due course of business and in 1909 instituted suit against Crain to recover judgment on the note, and to foreclose the special mortgage and vendor’s privilege by which it…
2Cases cited1 opinion
- Carroll v. MageeSupreme Court of Louisiana · 1908
3Cited by7 opinions
- Andrews v. McCreary Lumber Co.Supreme Court of Louisiana · 1924
- Hammond State Bank & Trust Co. v. BroderickSupreme Court of Louisiana · 1934
- Reymond v. Louisiana Trust & Savings BankSupreme Court of Louisiana · 1933
- Clarke v. OdenSupreme Court of Louisiana · 1924
- Ransonet v. MenardSupreme Court of Louisiana · 1919
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