Peoples Homestead & Savings Ass'n v. Masling

HIGGINS, Justice.

The Peoples Homestead & Savings Association, a Louisiana corporation, instituted foreclosure proceedings via ordinaria against defendant, a borrowing member of the association, claiming a vendor’s lien mortgage against certain real estate, alleging that he had defaulted in his payments; that the whole debt became due and payable; that a writ of sequestration should be issued and the property seized; and that a receiver should be appointed to take charge of collecting the rents due therefrom.

The district judge ordered the issuance of a writ of sequestration upon the plaintiff…