Shepherd v. Orleans Cotton Press Co.
Supreme Court of Louisiana
PEAL from the Fifth District Court of Now Orleans, Buchanan, J. Several mortgage creditors have appealed from the judgment, settling the order in which the mortgage creditors of the defendant are to be paid out of the proceeds of certain property, and ordering the erasure of the other mortgages.
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PEAL from the Fifth District Court of Now Orleans, Buchanan, J. Several mortgage creditors have appealed from the judgment, settling the order in which the mortgage creditors of the defendant are to be paid out of the proceeds of certain property, and ordering the erasure of the other mortgages. The mortgages to be classed are as follows: 1. A mortgage to secure the payment of certain bonds, all dated the 15 March, 1834, which was inscribed on the 26th of the same month, and not re-inscribed until the 21 April, 1845. 2. A mortgage to secure the payment of certain bonds, dated 15th January,…
1Opinion of the Court
The judgment of the court was pronounced by
Rost, J.*
The object of this controversy is to ascertain the order in which the mortgage creditors of the Orleans Cotton Press Company are to be paid, out of the proceeds of the sale of the establishment where the Company carried oil its operations. The following are the mortgages to be classed; 1st. A mort*110gage to secure the payment of four hundred bonds of §500 each, and one hundred an<^ tweuty b°n|Is of §400 each, all bearing date the 15th of March, 1834. This mortgage was inscribed on the 26th of March, 1834, and no re-inscription 0f jj took place…
2Cases cited1 opinion
- Turner v. ParkerSupreme Court of Louisiana · 1845
3Cited by15 opinions
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- Morrison v. Farmers & Traders' State BankMontana Supreme Court · 1924
- Harman v. LegrandeSupreme Court of Louisiana · 1922
- Federal Deposit Insurance v. McFarlandCourt of Appeals for the Fifth Circuit · 2001
- Schutzman v. DobrowolskiSupreme Court of Louisiana · 1939
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