Reliance Insurance v. Board of Supervisors, Louisiana State University & Agricultural & Mechanical College

WEST, District Judge:

In March of 1958 the band building and its contents, located on the Baton Rouge campus of Louisiana State University, was completely destroyed by fire. Plaintiffs, Reliance Insurance Company and New Hampshire Fire Insurance Company, who were the property insurers of Louisiana State University, brought this declaratory judgment action in September of 1958, seeking to have its monetary liability determined. At the time this suit was filed, it was the plaintiffs’ contention that their liability was limited to the maximum sum of $59,133.00, this sum being the value placed on…