Sulphur Export Corporation v. Carribean Clipper Lines, Inc.

RUBIN, District Judge:

FINDINGS OF FACT AND CONCLUSIONS OF LAW

Sulphur Export Corporation (Sulexco) sued to recover damages resulting from an alleged breach of a charter party by Carribean Clipper Lines, Inc. (Carribean). 2 The three officers of defendant corporation, who were also its directors, were made defendants individually; they were alleged to be individually liable because the corporation transacted business before it received the minimum capital recited in the corporate charter in violation of La.R.S. 12:9, subd. A(2) (1950).

FINDINGS OF FACT

1. On June 24, 1960, Sulexco as charterer…