Case Name: State of Louisiana vs. The People's Debenture Company, Limited
Court: Louisiana Supreme Court
Jurisdiction: Louisiana
Decision Date: 1899-06-22
Citations: 51 La. Ann. 1822
Docket Number: No. 13,104
Parties: State of Louisiana vs. The People's Debenture Company, Limited.
Judges: Monroe, J., recused.
Reporter: Louisiana Annual Reports
Volume: 51
Pages: 1822–1823

Head Matter:
No. 13,104.
State of Louisiana vs. The People's Debenture Company, Limited.
ON APPEAL from the Civil District Court for the Parish of Orleans. Theard, J.
M. Ounniugham, Attorney General, (F. E. Retinoid, and Siifft and MafHnon, of Counsel), for the State of Louisiana and for Benedict, liquidator, Plaintiffs and Appellees.
George G. Preoi and Oh arlen llonen for the Defendant and Appellant.
Argued and submitted May 18, 1899.
Opinion handed down June 22, 1899.
Judgment amended and rehearings refused June 30, 1899.

Opinion:
On applications for rehearing by Watkins, J.
The opinion of the court was delivered by
Nicuolls, C. J.
This case is governed by the principles announced this day in the cases of the State of Louisiana vs. The New Orleans Debenture Redemption Company of Louisiana, limited, No. 13,116, and the State of Louisiana vs. The Louisiana Debenture Company, Limited, No. 13,105.
For reasons assigned in those eases it is hereby ordered, adjudged .and decreed that the judgment, appealed from in so far as the same •decrees the nullity and forfeiture of defendant's chanter, be affirmed, .and that the same, in so far as it appoints a receiver or liquidator, be reversed, leaving to the State of Louisiana and all other parties in interest all rights under the law relative to the appointment of a receiver or liquidator to take charge of, liquidate and settle the affairs •of said corporation. Costs of Supreme Court to be borne by appellee.
Monroe, J., recused.