Federal Land Bank of New Orleans v. Cooper

183 So. 575
CourtLouisiana Court of Appeal
DecidedOctober 5, 1938
DocketNo. 1887.
StatusPublished
Cited by1 cases

This text of 183 So. 575 (Federal Land Bank of New Orleans v. Cooper) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Federal Land Bank of New Orleans v. Cooper, 183 So. 575 (La. Ct. App. 1938).

Opinion

LE BLANC, Judge.

This is a proceeding by executory process instituted by the plaintiff the Federal Land Bank of New Orleans on a certain note for the original sum of $1,200 and secured by a mortgage granted by the defendant and bearing on a certain tract of land containing eighty acres in the Parish of Tangipahoa in this State.

The note is dated November 16, 1922, and by the terms of the act of mortgage with which it is paraphed for identification by the notary who executed the same, it is made payable in thirty-five fixed annual installments beginning on November 15, 1923 and on the same date of each succeeding year, for the sum of $78, except the last, which is for the sum of $75. The note stipulates an interest rate of 5%% per annum from date.

In its petition the plaintiff alleged that the installments due for the years 1931, 1932, 1933, 1934, 1935 and 1936, respectively, are past due, exigible and unpaid, and that it has exercised its option as the holder of the note and mortgage to declare, and has declared, the entire balance of the said note due and payable. It alleges further that there is presently due, as of January 26, 1937, $1,544.10, all in accordance with a statement of account which it annexes to and makes part of its petition, and that it is entitled to interest at the rate of 5% per centum on $980.53 of that amount, and interest at 6% on $518.27, from January 26, 1937. The plaintiff annexed the note, the statement referred to and a certified copy of the act of mortgage, and obtained an order of executory process which was issued on February 15, 1937.

In due time the mortgaged property was seized and advertised to be sold on April 24, 1937. On April 22, two days before the sale was to take place, the defendant, William Chester Cooper, presented an application to the district judge asking for a temporary restraining order and for a rule nisi for a preliminary writ of injunction. In his application the defendant alleged that whilst the act of mortgage was only executed for the sum of $1,200, the plaintiff was claiming in its petition a balance of $1,544.10, which was $344.10 in excess of the original amount of the original indebtedness, and moreover that on the reverse of the note itself there appeared credits showing the same to have been reduced to the sum of $1,003.35. *576 He alleged further that the said balance as just stated should be further reduced by-payments made to the field representative of the plaintiff, one of $20 made in March 1936, and another of $157.50 made on July 6, 1935. He further set out that he is entitled to various small items of credit to-talling the sum of $35, and acknowledged by the plaintiff on various dates from May 7, 1928 to April 8, 1931. Further he alleged that the plaintiff is indebted unto him in the sum of $314, being 25% of certain dividends due by it to the Progressive National Farm Association of Pont-chatoula, La., and also the sum of $2,700 for commissions for collecting installments under a contract by a letter which is filed in another suit on the docket of the district court in the Parish of Tangipahoa. He alleged that he is entitled to offset the claim of the plaintiff by the various amounts mentioned and further entitled to a judgment in reconvention against the plaintiff for whatever amount the court 'may determine to be the difference between its claim and the said credits which he is entitled to. He then set out that he is entitled to recover also a large amount for damages as a result of having been harassed by litigation on the part of the plaintiff and his credit and good name having been ruined. He listed various items totalling the sum of $229,100, and asked.that his rights to sue the plaintiff in a separate action be reserved.

Upon an affidavit made by him that he would suffer immediate and irreparable injury unless he were granted a temporary restraining order to protect his rights, the district judge signed an order as prayed for by him, upon his furnishing bond in the sum of $150. The rule for the preliminary injunction was made returnable May 17, 1937.

In a supplemental petition filed by him a few days later, the defendant alleged that the plaintiff was further indebted unto him in the sum of $2.50 for a fee as Secretary-Treasurer of the Progressive Farm Loan Association of Pontchatoula, La., for a quarterly report from June 23, 1931, and that it was further indebted unto him in the sum of $2,151.67, represented by a note for the said amount executed by the said Progressive National Farm Loan Association, and which note the plaintiff has, by virtue of its participation in defense of a certain suit against the said Farm Loan Association, made itself liable for.

Various preliminary pleas and exceptions were filed by the plaintiff to the defendant’s petitions for injunction. They were all disposed of adversely and in due time a preliminary injunction was granted on the rule. The case finally came to trial on its merits and resulted in a judgment on February 28, 1938 in favor of the plaintiff and against the defendant, rejecting the latter’s demand and recalling and setting aside the temporary restraining order and the preliminary injunction which had heretofore issued. From that judgment the defendant has taken this appeal.

In this court Counsel for plaintiff reurge and stress the preliminary pleas and exceptions filed by them in- the lower court, to all of which we think there is considerable merit. As we have the case before us on the merits however and we believe that the final judgment as rendered in the lower court so correctly disposes of the issue raised on the merits of the application for the injunction, we deem it proper, and more in the end of rendering justice in the case, to consider the matter on the merits without passing on these various pleas.

With regard to the defendant’s first complaint, that is, that the amount stated as due in the petition is larger than the amount of the note itself, the allegation is worded in such a manner that we do not quite understand that that is a matter which is urged as a ground for the injunction. The defendant, as we construe the allegations of his petition for injunction, does not contend that the'amount stated in plaintiff’s petition is not the amount due by him, but it is because of an indebtedness due him by the plaintiff which is even greater than the amount claimed in its petition, that he is entitled to the injunction. He specifically claims these various amounts of credit which he says he is entitled to, as an offset against the amount claimed by the bank, and further alleges that he is entitled to a judgment in reconvention, not for any specific amount stated by him, but for such amount as the court may determine to be the difference between what he owes the bank and the amount the bank owes him.

We find no allegátion by the plaintiff that the order for executory process issued for a greater amount than what was due. It is true that defendant does allege that the amount stated in the petition is more than the amount appearing on the face of *577 the note, or the balance appearing on the reverse thereof after certain credits had been allowed. But the statement annexed to the petition with the note shows how the amount stated in the petition was arrived at.

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Related

Cooper v. Federal Land Bank of New Orleans
197 So. 822 (Louisiana Court of Appeal, 1940)

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Bluebook (online)
183 So. 575, Counsel Stack Legal Research, https://law.counselstack.com/opinion/federal-land-bank-of-new-orleans-v-cooper-lactapp-1938.