Percy v. Millaudon

The facts ave fully stated in the opinion of the court, delivered by

Martin, J.

This cause derives much more importance from the novelty of the question in controversy, and the magnitude of the claim against the defendants, than from the intricacy of any point of law arising- in it.

In April, 1811, a number of individuals, who had associated for the purpose of establishing a bank, in this city, obtained from the legislature of the late territory, an act incorporating them, under the style of the Planters’ Bank of Louisiana. The capital, which was limited to six hundred thousand dollars was not…