Franks Investment Co. v. Union Pacific Railroad

MEMORANDUM RULING

TOM STAGG, District Judge.

Before the court is a motion for summary judgment filed by the defendant, Union Pacific Railroad Company (“Union Pacific”). See Record Document 23. For the *893reasons set forth below, Union Pacific’s motion for summary judgment is GRANTED.

I. BACKGROUND1

Members of the Levy family owned a large tract of land in Caddo Parish. They sold a strip of the land to the Texas & Pacific Railway Company (“Texas & Pacific”) in 1923. The written act executed by the parties and recorded in the Caddo Parish conveyance records recited a cash consideration and, among…