State v. Louisiana Debenture Co.

On the application for rehearing by Bl anchard, J..The.opinion of the court was delivered by

Watkins, J.

The object of this suit is to have the charter of the .defendant company declared null and void, ah initio; and, in the alternative that it should not be absolutely null, and that'the organization was authorized by law, that its charter be forfeited.

*1796The defendants dic'd some excepti'cns^ which were overruled; and for answer it admitted that it was duly incorporated, as will appear by the annexed charter, and alleged that “it has done business in accordance with its charter.”

Preliminarily an…