Louisiana State Bank v. Orleans Navigation Co.
Supreme Court of Louisiana
A PPEAL from the Fourth District Court of New Oi'leans, Strawbridge, J. facts 0f cas0 al.e stated in the opinion of the court infra. Plaintiffs are bond fide holders of negotiable paper, for which a full consideration has been paid in the usual course of business. Both the defendants were capable of making such paper.
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A PPEAL from the Fourth District Court of New Oi'leans, Strawbridge, J. facts 0f cas0 al.e stated in the opinion of the court infra. Plaintiffs are bond fide holders of negotiable paper, for which a full consideration has been paid in the usual course of business. Both the defendants were capable of making such paper. That the Orleans Navigation Company could do so, results clearly from the general powers conferred on it by the second section of its charter, and the special obligation to pay its bills and notes, imposed in the 7th no. of the 6th section. That Municipality No. One could…
1Opinion of the Court
The judgment of the court was pronounced by
Eustis, C. J.
The defendants are sued on several interest coupons, annexed to certain bonds or notes issued by the Orleans Navigation Company, in September, 1836, and endorsed by the Municipality No. One, through their proper officer. The Navigation Company made no defence. The Municipality has pleaded that, in endorsing these instruments, the municipal government transcended its powers, and that its acts in this respect are null and void; that the endorsements were purely accommodation endorsements, and no consideration for them ever was received by…
2Cases cited6 opinions
- Stetson v. KemptonMassachusetts Supreme Judicial Court · 1816
- Runyan v. Lessee of CosterSupreme Court of the United States · 1840
- Atchafalaya Bank v. DawsonSupreme Court of Louisiana · 1839
- Hughes v. BlakeU.S. Circuit Court for the District of Massachusetts · 1818
- Hooper v. WhitneySupreme Court of Louisiana · 1841
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Lynchburg & Rivermont Street Railway Co. v. DameronSupreme Court of Virginia · 1898
- In re Pleasant Hill Lumber Co.Supreme Court of Louisiana · 1910
- Levenson v. ChancellorLouisiana Court of Appeal · 1953
- Collins v. MageeLouisiana Court of Appeal · 1930
- Anne Lind & Assoc. v. ORLEANS PRIVATE IND. COUNCILLouisiana Court of Appeal · 1996
7 more not listed; retrieve them via the Exa API.