Federal Land Bank of New Orleans v. Succession of Lacour

MOUTO'N, Judge.

In May, 1925, Ovide Lacour executed a mortgage with the “pact” de non alienando and confession of judgment in favor of plaintiff, the Federal Land Bank of New Orleans, for $20,000, with interest, on a large tract of land situated in Pointe Coupee parish, known as the “Taylor Plantation.”

Ovide Lacour died in 1929, and this plantation was inventoried in March, 1930, with his other property consisting of lands and movable effects, the inventory amounting to a total of $28,365.00. The appraised value of the Taylor plantation was set in the to-ventory at the sum of $26,000, and the…