Ives v. Henderson

This is a petitory action for the recovery of 140 acres of improved lands situated in the parish of St. James, La.

It is admitted that Frank, Paul and Ernest Ives, Jr., acquired the property described in the petition by purchase from Micaja A, Piper on January 14, 1905, and went into possession of it. It is admitted that the purchase price of the property was $8,000, of which sum $2,000 was paid in cash, and the balance was represented by six promissory notes of $1,000 each, payable respectively in 1, 2, 3, 4, 5, and 6 years after date, secured by the usual mortgage and vendor’s lien on the…