Reid v. Federal Land Bank of New Orleans

ROGERS, Justice.

This is a suit by Miles Reid and others to obtain the annulment of the sale, under executory process, of a certain tract of land situated in the Parish of East Baton Rouge. The defendant is the Federal Land Bank of New Orleans, the mortgagee, and also the adjudicatee at the sheriff’s sale. The defendant filed an exception of no cause and no right of action, which was overruled. Defendant then filed its answer asserting the legality of the sheriff’s sale and pleading, in addition, that the plaintiffs are estopped to deny its validity. The trial on the merits resulted in a…