Haynes v. Harbour

This is an hypothecary action against a third possessor of land mortgaged to the Clinton and Port Hudson Railroad Co., for the security of 202 shares of the capital stock of said company, subscribed by Thomas .A. Cabarras & Co., and for the repayment of such loans as should be made upon the said stock. The mortgage was dated 30th November, 1835.

T. A. Cabarras t& Co. borrowed upon this stock of the company, on tho 17th February, 1838, the sum of nine thousand and ninety dollars.

This loan was not paid at maturity nor renewed, and the commissioners of liquidation of the company caused executory…