Poydras v. Turgeau
Supreme Court of Louisiana
Eastern Dist. ATTEAL FROM THE COURT OP THE SECOND JUDICIAL DISTRICT, POR THE PARISH OP ASCENSION, THE JUDGE OP THE DISTRICT PRESIDING. This is an action instituted by B. Poydras, as heir, and acting for himself and the legatees of the late Julien Poydras, on two promissory notes executed by the defendant’s ancestor in 1820 and in 1824, for the sum of eighteen thousand six hundred and twelve dollars.
Read the full summary
Eastern Dist. ATTEAL FROM THE COURT OP THE SECOND JUDICIAL DISTRICT, POR THE PARISH OP ASCENSION, THE JUDGE OP THE DISTRICT PRESIDING. This is an action instituted by B. Poydras, as heir, and acting for himself and the legatees of the late Julien Poydras, on two promissory notes executed by the defendant’s ancestor in 1820 and in 1824, for the sum of eighteen thousand six hundred and twelve dollars. It was stipulated that these two notes were to draw six per cent, interest per annum, payable on the 1st of March, in each year; and the debtor was allowed the privilege of delaying final' payment…
1Opinion of the CourtMartin, J.
In this case a re-hearing has been prayed for, and the court has reconsidered its first judgment.
It appears, that by a notarial instrument, the defendant’s mediate ancestor acknowledged himself indebted to the late Julien Poydras, to whom tbe plaintiff has succeeded as instituted heir, in the sum of fifteen thousand five hundred and twelve dollars, which he promised to pay in one year, with the faculty of deferring payment during ten years, on an annual payment of interest, at the rate of ten per cent, per annum. Four years after, (1824,) by a private act, the rate of interest was reduced to…
2Cited by2 opinions
- Commonwealth Finance Co. v. LivingstonLouisiana Court of Appeal · 1943
- Blanc v. ScruggsSupreme Court of Louisiana · 1874