National Bank of Commerce v. Board of Sup'rs

ODOM, Justice.

The plaintiff Bank brought this suit against the defendant to collect $300,000 with interest at the rate of 3 per cent per annum from May 2, 1939, until paid, and 10 per cent of the principal and interest as attorney’s fees. As a cause of action, plaintiff alleged that it was the holder in due course of one promissory note for the amount above stated, made payable to its order and executed by the Board of Supervisors of the Louisiana State University and Agricultural and Mechanical College, per Dr. James Monroe Smiti, then President of the JJniversity; that the note held by it…