State v. Bank of Louisiana

The Attorney General alleges that the state is owner of twenty thousand shares of the capital of the bank, of the value of two million dollars, being one half of said capita], for which bonds of the state for the sum of two million four hundred thousand dollars, were furnished to the bank, payable in instalments of six hundred thousand dollars each on the 1st days of July 1834, 1839, 1844 and 1849, and bearing interest at five per cent, a year, payable semi-annually; and according to a provision of the charter, these bonds were made payable to the president and directors of the bank, who were…