First National Bank of Lafayette v. The Oil Screw King Fish

CHRISTENBERRY, Chief Judge.

The Court having heard the evidence and the arguments of proctors, and having taken time to consider the matter, hereby makes the following findings of fact and conclusions of law:

Findings of Fact

I

Respondents, Gisclair and Martin, signed as co-makers the negotiable promissory note' in suit dated June 5, 1957, in the principal sum of $21,274.80, payable to the order of The Theriot Investment Company, who endorsed said note and delivered same to libelant, The First National Bank of Lafayette, who became the owner thereof before maturity, for valuable consideration.

II

Th…