American Indemnity Co. v. Webster Parish School Board

98 F. Supp. 360, 1951 U.S. Dist. LEXIS 2231
CourtDistrict Court, W.D. Louisiana
DecidedJuly 2, 1951
DocketCiv. A. No. 3166
StatusPublished
Cited by1 cases

This text of 98 F. Supp. 360 (American Indemnity Co. v. Webster Parish School Board) is published on Counsel Stack Legal Research, covering District Court, W.D. Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
American Indemnity Co. v. Webster Parish School Board, 98 F. Supp. 360, 1951 U.S. Dist. LEXIS 2231 (W.D. La. 1951).

Opinion

DAWKINS, Chief Judge.

The plaintiff, a Texas corporation (called Indemnity), sued Webster Parish School Board (called Webster), Howard Collins (called Contractor) and Bossier Bank & Trust Company (called Bank), all citizens of Louisiana, alleging in substance as follows : That Webster and the contractor had on September 12, 1949, entered into a written building contract for the total sum of $100,771.43, for the erection of a gymnasium to be used in connection with the public school at Doyline, Louisiana, and in which it was agreed that Webster should at all times withhold payments of 10% on all moneys coming due to the contractor, until the contract was completed, and all laborers and furnishers of material had been paid. Further, that complainant, as surety, had executed with the contractor in favor of Webster a bond to protect it against claims by laborers and material-men, for the full sum of the contract price, all in accordance with Act 224 of the State Legislature of 1918, as amended by Act 271 of 1926, which contract and bond had been duly recorded in the records of Webster Parish; that the contract had been completed and accepted by Webster, but that there remained due and owing to materialmen the total sum of $13,611.43, for which complainant, as surety, was liable, although no liens had been filed within the 45 days allowed by the said state law; that Webster, in compliance with the contract and bond had retained in its possession the balance due of 10%, amounting to $11,170.42, and refused to apply the same either to the payment of said claims or to turn it over to complainant for said purpose, except upon the written request of contractor, which the latter declined to make, notwithstanding frequent demands by plaintiff therefor. Further, that the contractor had informed complainant on November 7; 1950, that the supervising architects had furnished to said contractor a “final certificate” (meaning no doubt of the acceptable completion of the work), which had been delivered to the Bank “in connection with a loan by said Bank to said Collins of the sum of Eleven Thousand ($11,000.00) Dollars”; that if such information was “correct, complainant will have to pay to sub-contractors and furnishers of material * * * amounts in excess of the sum of Eleven Thousand One Hundred Seventy and 42/100 ($11,170.42) Dollars”;, further, “under the express provisions” of the said contract executed by the con[362]*362tractor and the bond of complainant, the latter was subrogated to the rights of all persons against the contractor and Webster, which it pleads “in the alternative” as entitling it to said sum; that the Bank claimed said sum, and complainant has been compelled to take legal action in an effort to force delivery of said money as to which the School Board had no legal claim.

Complainant prayed judgment against all defendants, decreeing it “entitled to said sum * * * by privilege, preference and priority” and that Webster be ordered and directed to pay said sum “unto complainant, and upon its failure to do so, within a time to be fixed by this Court,” after which plaintiff have judgment against Webster for the amount thereof with legal interest of 5% from judicial demand.

Webster has paid into the registry of the court the sum admittedly due, and the parties conceded that it should be discharged from further responsibility.

Defendant Bank answered on February 19, 1951, denying, for lack of information, the main allegations of the complaint as to the relations between complainant and the contractor, and averring that on October 18, 1949, some 36 days after the execution of the original contract and bond between Webster, the contractor and complainant, it “had agreed to furnish interim financing for” the contractor under said building contract, and that the latter by letter bearing that date had promised “to forward all progress payments” to said Bank. Further, in effect, that it had carried out this agreement as to progress financing, which enabled the contractor to successfully prosecute the work under said contract; and that the contractor accordingly sent it, the Bank¡ all progress payments by Webster. The Bank further averred as follows:

“38.
“That on November 9, 1950, the said Howard Collins applied to respondent for a loan of Eleven Thousand ($11,000.00) Dollars, and in order to secure prompt repayment of said sum, offered to assign to your respondent a certain check due him by the Webster Parish School Board representing the entire balance due him under his said contract.
“39.
“That in connection with the proposed loan referred to in the preceding paragraph and as an inducement to your respondent to make same, Howard Collins presented to your respondent a copy of the architect’s final certificate, certifying that he, Collins, was entitled to the sum of Eleven Thousand One Plundred Seventy and 42/100 ($11,170.42) Dollars, as will be more fully shown by reference to said certificate which is annexed hereto and made part hereof.
“40.
“That in reliance upon the final certificate of the supervising architects and upon previous successful experience with Collins under his said contract with the Webster Parish School Board, your respondent, on November 9, 1940, loaned to Howard Collins the sum of Eleven Thousand ($11,000.-00) Dollars, receiving from him in consideration therefor, and in order to secure prompt payment thereof, his assignment and pledge of delivery of a check to him by the Webster Parish School Board, representing the retained portion under his said contract, which said act of assignment and pledge, dated November 9, 1950, is attached hereto and made part hereof.
“41.
“Further answering, respondent shows that it is informed, believes and therefore avers that the entire Eleven Thousand ($11,000.00) Dollars loaned by it to Howard Collins was used by him to pay- laborers and materialmen for services performed and material furnished in the construction of improvements under his said contract with the Webster Parish School Board.
' “42.
“That, under the circumstances, having supplied the funds necessary for Collins to complete the work, and the same having been paid over by Collins to laborers and materialmen, as will be more fully shown upon trial of this cause, your respondent stands in the same position as would a [363]*363supplier of materials and should receive the entire amount of its claim by preference and priority over all other persons and claims whatsoever, particularly bj preference and priority over the claim of plaintiff herein.”

It also alleged that without this interim financing the contractor would “have been unable to complete the work,” and “plaintiff, as surety upon his bond, would have been required to complete said work, thus risking even greater loss”; and finally, that all of the said $11,000 loaned by said Bank to the contractor was “used in the payment of laborers and materialmen” and repeating that complainant’s liability would have been greater under its suretyship on the bond. The Bank prayed that it be awarded all sums paid into the court by Webster by preference.

Defendant contractor answered, admitting certain allegations of the complaint, but denying others.

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Bluebook (online)
98 F. Supp. 360, 1951 U.S. Dist. LEXIS 2231, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-indemnity-co-v-webster-parish-school-board-lawd-1951.