Citizens Bank v. Heirs of Jorda
Supreme Court of Louisiana
A APPEAL from, the Civil District Court for the Parish of Orleans. King, J. cited: Troplong, Des Transactions, p. 551; Laurent, Yol. 28, p. 333; Parsons on Contracts, 6th Ed., Vol. 2, Sec. 687; Wharton, Contracts, Yol. 2, See. 997; 11 Rob. 209; 1 An. 119; 2 An. 526; 2 An. 606; 1 An. 204; 32 An. 412; 32 An. 249. .1. foreclosure proceedings against an estate, though granted by charter to banks, must nevertheless be conducted according to law as to notices, forms, etc. failure…
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A APPEAL from, the Civil District Court for the Parish of Orleans. King, J. cited: Troplong, Des Transactions, p. 551; Laurent, Yol. 28, p. 333; Parsons on Contracts, 6th Ed., Vol. 2, Sec. 687; Wharton, Contracts, Yol. 2, See. 997; 11 Rob. 209; 1 An. 119; 2 An. 526; 2 An. 606; 1 An. 204; 32 An. 412; 32 An. 249. .1. foreclosure proceedings against an estate, though granted by charter to banks, must nevertheless be conducted according to law as to notices, forms, etc. failure to observe these import nullity of sale. Bank vs. Marigny, 11 Rob. 211. 2. foreign executors without power to act or…
1Opinion of the Court
The opinion of the court was delivered by
McEnery, J.
Jorda, the deceased, was a resident of Spain. He was a stockholder in the Citizens Bank. In December, 1890, he owed a contribution of $2 per share, levied annually, and amounting, with interest, to over $5000. By Act 79 of 1880, the Legislature authorized the Citizens Bank to make compromises and settlements with the mortgage stockholders in order to enable them to free the .real estate from the special mortgage securing the shares.
Jorda owned property in the city of New Orleans, upon which there was a mortgage securing the shares of which…
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- Burden v. Peoples' Homestead & Savings Ass'nLouisiana Court of Appeal · 1936
- Milburn v. Proctor Trust Co.Court of Appeals for the Fifth Circuit · 1941
- Milburn v. Proctor Trust Co.District Court, W.D. Louisiana · 1940
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