Smith v. City of New Orleans

For the reasons assigned by the district judge, the judgment of the district court is affirmed with costs.

Reasons of the Judge a Quo.

On the nineteenth day of January, 1869, the Commercial Bank of New Orleans sold the city of New Orleans all of the property belonging to the waterworks constructed, by said bank. This sale was made in conformity to the award of five arbitrators chosen by the bank and five by the city, in accordance with the provisions of section 42 of the act incorporating said bank, April 1, 1833.

The price was fixed at one million three hundred and ninety-three thousand four…