Administrators of Tulane Educational Fund v. B. G. Carbajal, Inc.

BRUNOT, Justice.

This is a suit for a deficiency judgment. In the court below there was judgment for the plaintiff, as prayed for in its petition, and the defendant appealed. The defendant, through its authorized agents, borrowed from the plaintiff $350,000, and secured the payment thereof by executing a mortgage upon certain properties, in the First district of the city of New Orleans; said properties being particularly described in the resolution of the board of directors of B. C. Carbajal, Inc., which resolution, with the description of the properties omitted, is as follows:

“Resolved that…