State Ex Rel. Moulin v. Ideal Savings & Homestead Ass'n

McCALEB, Judge.

The relator, appearing as agent and attorney in fact for McCloskey & Benedict (members of the New Orleans Bar), alleges that the latter are the holder and owner for value of a certain stock certificate issued by the Ideal Savings .& Homestead Association, a Louisiana corporation, and seeks to compel it to pay unto his principals the sum of $500 (the value of the stock), or, in the alternative, to issue to them a certificate in their name for the ‘shares owned in lieu of the certificate now in their possession.

The defense to the proceeding is that the stock certificate does not…