Citizens' Bank v. Levee Steam Cotton Press Co.

By the court :*

Eustis, C. J.

This appeal is taken by the defendants, from a judgment rendered against them at the suit of the Citizens’ Bank, in the Court of the Fourth District of New Orleans, for the sum of four thousand five hundred and six dollars, with eight per cent interest, from the 1st of May, 1851.

The action was for the recovery of an assessment of one dollar per share on the stock of the bank, which was imposed for the term of seven years, for the purpose of meeting the obligations of the bank within that time. It is not understood that any question is raised concerning this…