Harnischfeger Sales Corporation v. Sternberg Co.

OVERTON, Justice.

Defendant has appealed suspensively and devolutively from a judgment against it for $16,541, with 6 per cent, per annum interest thereon from August 1, 1930, with the recognition of a privilege on its property. An appeal bond in the sum of $28,400, with the Union Indemnity Company as surety, was furnished. The judgment was signed on December 8, 1932, and the bond was filed six days later.

Plaintiff, learning that the Union Indemnity Company had become insolvent, served notice on defendant, on January 11, 1933, under Act No. 112 of 1916, as amended by Act No. 284 of 1928, to…