Boucher & Slack Contractors, Inc. v. McLean

BLANCHE, Justice.

Relator, Boucher & Slack Contractors, Inc. and Bronner Investment Company, Inc. hereinafter referred to as “contractors”, filed suit to enjoin the defendant bank, Commercial National Bank of Shreveport, from honoring a draft presented to it pursuant to a letter of credit issued to Harvey McLean, Jr., presently the liquidator of Woodlands of Huntington, Inc., hereinafter referred to as “owner”. The trial court denied the injunction and ordered the defendant bank to honor the draft, but required the bank to pay the funds into the registry of the court pending the judicial…