Bank of New Orleans and Trust Co. v. Big B Towboat Services, Inc.

435 F. Supp. 997
District Court, E.D. Missouri·Decided April 29, 1977·No. Civ. A. No. 77-105-C(1)·Published·Cited by 2 cases

Opinion

435 F.Supp. 997 (1977)

The BANK OF NEW ORLEANS AND TRUST COMPANY
v.
BIG B TOWBOAT SERVICES, INCORPORATED, et al.

Civ. A. No. 77-105-C(1).

United States District Court, E. D. Missouri, E. D.

April 29, 1977.

Michael D. O'Keefe, Thompson & Mitchell, St. Louis, Mo., for The Bank of New Orleans & Trust Co.

Banker Phares, Phares, Phares & Bass, Port Arthur, Tex., for Marine Fueling Service Inc.

James W. Herron, Lewis, Rice, Tucker, Allen & Chubb, St. Louis, Mo., G. Byron Sims, Brown, Teed, Sims, Ayre, Glassman & *998 Luther, Houston, Tex., for B-421 Inc. and Hollywood Marine Inc.

John E. Galloway, McGlinchey, Stafford, Mintz & Hoffman, New Orleans, La., for Blue Ridge Ins. Co.

A. Clay Rankin, II, J. Hodge Alves, III, Hand, Arendall, Bedsole, Greaves & Johnston, Mobile, Ala., for State of Alabama.

James E. McDaniel and Walter F. Timm, Barnard & Baer, St. Louis, Mo., for State of Alabama, Birney A. Rousselle, dba Marine Fueling Service Inc., Algiers Iron Works, etc.

A. Gordon Grant, Jr., Montgomery, Barnett, Brown & Read, New Orleans, La., for Birney A. Rousselle, d/b/a/ etc.

Charles Hanemann, Houma, La., for Big B Towboat Services, Inc.

Wray & Robinson, Baton Rouge, La., and Frank E. Strzelec, Kortenhof & Ely, St. Louis, Mo., for Cummins Sales & Service.

Joel J. Henderson, Swank, Lane & Associates, Greenville, Miss., and Samuel B. Murphy, Jr., St. Louis, Mo., for Specialized & Marine Credit.

John B. Carothers, III, Thompson, Walther, Shewmaker & Gaebe, St. Louis, Mo., for Vince Guzzetta, d/b/a and for Stapp Bros. Towing, Inc.

Wayne Anderson, Hinds & Meyer, Houston, Tex., for Hunter Flores, Inc.

James D. Edgar, Webster Groves, Mo., for Allied Chemical Corp.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

MEREDITH, Chief Judge.

This action, having been heard by the Court this day upon the motion of the plaintiff for default judgment and plaintiff appearing by its attorney and no person having appeared to claim the defendant vessel or any interest therein, the Court having considered the evidence and exhibits submitted by the plaintiff, and being fully advised in the premises, does now make the following Findings of Fact:

1. Plaintiff, The Bank of New Orleans and Trust Company, is a Louisiana banking institution incorporated and existing under the laws of the State of Louisiana and now is and was at all times herein mentioned a citizen of the United States of America.

2. The defendant, the M/V BAYOU LAFOURCHE, her engines, boilers, tackle, apparel, furniture, equipment, et cetera, is an oil screw vessel of the United States, registered at the Port of Houma, Louisiana, Official No. 542365, and is a diesel river towboat of all steel welded construction. The defendant, the M/V BAYOU LAFOURCHE, was seized on behalf of the above-named plaintiff by the United States Marshal for the Eastern District of Missouri on February 1, 1977, and is presently being detained at St. Louis, Missouri, in the custody of the Majestic Building and Supply Company, Inc., a corporation, which was appointed as official custodian of the vessel by order of this Court, dated February 1, 1977.

The defendant, Big B Towboat Service, Incorporated, is a corporation duly organized and existing pursuant to the laws of the State of Louisiana and is the owner of the defendant vessel, the M/V BAYOU LAFOURCHE.

3. The defendant, the M/V BAYOU ST. JOHN, her engines, boilers, tackle, apparel, furniture, equipment, et cetera, is an oil screw vessel of the United States, registered at the Port of New Orleans, Louisiana, Official No. 548493, and is a diesel river towboat of all steel welded construction. The defendant, the M/V BAYOU ST. JOHN, was seized on behalf of the above-named plaintiff by the United States Marshal for the Eastern District of Missouri on February 1, 1977, and is presently being detained at St. Louis, Missouri, in the custody of the Majestic Building and Supply Company, Inc., a corporation, which was appointed as official custodian of the vessel by order of this Court, dated February 1, 1977.

The defendant, Bayou St. John Corporation, is a corporation duly organized and existing pursuant to the laws of the State of Louisiana and is the owner of the defendant *999 vessel, the M/V BAYOU ST. JOHN.

4. The defendant, the M/V BAYOU TERREBONNE, her engines, boilers, tackle, apparel, furniture, equipment, et cetera, is an oil screw vessel of the United States, registered at the Port of New Orleans, Louisiana, Official No. 537286, and is a diesel river towboat of all steel welded construction. The defendant, the M/V BAYOU TERREBONNE, was seized on behalf of the above-named plaintiff by the United States Marshal for the Eastern District of Missouri on February 1, 1977, and is presently being detained at St. Louis, Missouri, in the custody of the Majestic Building and Supply Company, Inc., a corporation, which was appointed as official custodian of the vessel by order of this Court, dated February 1, 1977.

The defendant, Bayou Terrebonne, Inc., is a corporation duly organized and existing pursuant to the laws of the State of Louisiana and is the owner of the defendant vessel, the M/V BAYOU TERREBONNE.

5. The defendant, the M/V BAYOU CHENE, her engines, boilers, tackle, apparel, furniture, equipment, et cetera, is an oil screw vessel of the United States, registered at the Port of New Orleans, Louisiana, Official No. 554701, and is a diesel river towboat of all steel welded construction. The defendant, the M/V BAYOU CHENE, was seized on behalf of the above-named plaintiff by the United States Marshal for the Eastern District of Missouri on February 1, 1977, and is presently being detained at St. Louis, Missouri, in the custody of the Majestic Building and Supply Company, Inc., a corporation, which was appointed as official custodian of the vessel by order of this Court, dated February 1, 1977.

The defendant, Bayou Chene Corporation, is a corporation duly organized and existing pursuant to the laws of the State of Louisiana and is the owner of the defendant vessel, the M/V BAYOU CHENE.

6. That on or about February 19, 1974, the defendants, Big B Towboat Service, Incorporated, Bayou St. John Corporation, Bayou Terrebonne, Inc., and the Bayou Chene Corporation, executed and delivered to plaintiff a promissory note whereby defendants promised to pay to the holder of said note on order the sum of $1,012,689.50 with interest thereon as provided in said note. Said note is now in default in the amount of $744,991.63 and said sum is now due and owing with interest continuing to accrue. Plaintiff is the holder of said note.

7. To secure the payment of said note, the defendant, Big B Towboat Service, Incorporated, delivered to the plaintiff, The Bank of New Orleans and Trust Company, a preferred ship's mortgage upon the said defendant vessel, the M/V BAYOU LAFOURCHE, dated February 19, 1974. At the time said preferred ship's mortgage was executed, the said defendant vessel was and still is a documented vessel under the laws of the United States.

The said preferred ship's mortgage was duly recorded at the home port of said vessel in the Office of Documentation, Department of Transportation, United States Coast Guard, at the Port of Houma, Louisiana, on February 25, 1974, in accordance with the Preferred Ship's Mortgage Act of 1920 and all of the acts and things required to be done by said Act in order to give said mortgage the status of a preferred mortgage were duly done or caused to be done by plaintiff, The Bank of Ne

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Bank of New Orleans and Trust Co. v. Big B Towboat Services, Inc., 435 F. Supp. 997 (E.D. Mo. 1977).

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