Bellevue Farms Co. v. Orleans-Kenner Electric Ry. Co.
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; Porter Parker, Judge. Rule by the Bellevue Farms Company, Limited, against the Orleans-Kenner Electric Railway Company to show cause why a receiver should not be appointed to take charge of the railway company. Exception of no cause of action sustained, suit dismissed, and plaintiff appeals.
1Opinion of the CourtLand, J.
Plaintiff, claiming to be a recognized creditor of the defendant in the sum of $3,099.29, with 5 per cent, interest thereon from February 10, 1914, until paid, for money furnished by plaintiff’s assignor to the defendant for promotion and organization ex*529penses, and alleging that the directors and other officers of the said company were jeopardizing the rights of creditors by grossly mismanaging the business and by committing acts ultra vires, by wasting, misusing, and misapplying the property or funds of the said corporation, and more especially in making a certain construction contract for…
2Cases cited3 opinions
- Saxon v. Southwestern Brick & Tile Mfg. Co.Supreme Court of Louisiana · 1904
- Arent v. Liquidating Com'rs of Bank of MonroeSupreme Court of Louisiana · 1913
- Kerlin v. Bryceland Lumber Co.Supreme Court of Louisiana · 1914
3Cited by1 opinion
- Southern Joslyn Co. v. Electric Appliance Co.Supreme Court of Louisiana · 1931