Federal Land Bank of New Orleans v. Succession of Lacour

157 So. 792
CourtLouisiana Court of Appeal
DecidedDecember 4, 1934
DocketNo. 1387.
StatusPublished

This text of 157 So. 792 (Federal Land Bank of New Orleans v. Succession of Lacour) 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. Succession of Lacour, 157 So. 792 (La. Ct. App. 1934).

Opinion

MOUTO'N, Judge.

In May, 1925, Ovide Lacour executed a mortgage with the “pact” de non alienando and confession of judgment in favor of plaintiff, the Federal Land Bank of New Orleans, for $20,000, with interest, on a large tract of land situated in Pointe Coupee parish, known as the “Taylor Plantation.”

Ovide Lacour died in 1929, and this plantation was inventoried in March, 1930, with his other property consisting of lands and movable effects, the inventory amounting to a total of $28,365.00. The appraised value of the Taylor plantation was set in the to-ventory at the sum of $26,000, and the movable effects at $335.

The Bank of Baton Rouge, intervener, was appointed administrator of the succession of Ovide Lacour, in March, 1930, and, as it was subsequently authorized by the court, a lease of the Taylor plantation was made.

The Fairview plantation, which formed part of the succession of Ovide Lacour, and *793 had been inventoried, was adjudicated to Ovide B. Lacour for $625.42, which, with accrued interest, was ordered to be paid to La-martine Bauenchaud, sheriff of Pointe Cou-pee. This order was entered in January, 1934.

The Bank of Baton Rouge, through the administrator, K. H. Knox, filed a provisional account July 24, 1934,' which was thereafter homologated in August, 1934, authorizing the administrator to pay the debts of the succession in accordance with the account filed by the administrator.

On this account, the administrator charges himself with the funds received from the sheriff which he had realized from the adjudication of the Fairview plantation to Ovide B. Lacour. The sum of $702.75 was charged to the administrator, which, we presume, included the accrued interest on $623.42 the sheriff had been ordered to accept from Ovide B. Lacour, adjudicatee of the Fairview plantation.

In that account, the administrator claims as his commission 2 ½ per cent, on the amount of the inventory of the succession of Ovide Lacour, bad debts deducted, amounting to the sum of $710.30.

This is based on the total valuation of the estate, including the $26,000, estimated value therein of the Taylor plantation upon which the deceased, Ovide Lacour, had granted a mortgage for $20,000 to plaintiff, Federal 'Bank of New Orleans.

As before stated, this plantation was valued in the inventory at $26,000; the commission of the administrator at 2½ per cent, on that valuation amounted to a sum exceeding $000. If the commission of the administrator is not chargeable to the $26,000, value of that plantation, his commission on the balance of the estate would he on $2,365, as tbe inventory, including the Taylor plantation, amounted to a total of $28,365. His commission so restricted amounts to $59.13. The provisional account shows that the other charges claimed as privileged debts amounted to $303.50, which, if added to the thus restricted commission of the administrator, $59.13, totals $362.63.

The amount received from the sale to La-cour comes up to the sum of $702.75, as carried on the account; hence, the contention of the plaintiff, Federal Bank, is that the amount so realized from the sale of 'the Fairview plantation is more than sufficient to pay the commission which the administrator has a right to recover, added to the other privileged debts of the estate.

After applying the $702.75 funds in the hands of the administrator to the payment of his commission of $710.30, based on the total amount of the inventory, including the Taylor plantation on which the plaintiff had its mortgage, the account says: A balance of $200.50 is still due for unpaid privileged debts, made up of the following items.

Dr. J. O. Roberts, physician.$158.00

Madame Fazanne, nurse. 25.00

City Pharmacy. 17.50

$200.50

The Bank of Baton Rouge, administrator and intervener herein, claims a privilege on the estate for $769.12, 2½ per cent, on the total sum of the inventory, amounting to $28,365, which includes, as before stated, the valuation of. $26,000 on the Taylor plantation mortgaged to plaintiff, Federal Bank.

The sum of $200.50 for the items constitutes the unpaid privileged debts, before referred to; also, $194 for other small items.

The Federal Land Bank of New Orleans issued executory proceedings on its mortgage to have the Taylor plantation sold for the collection of its claim which then amounted to $17,000. In its intervention, the bank asked that the sheriff he ordered to retain in his hands, from the money .realized from the sale of the Taylor plantation, a sum sufficient to pay the sum of $709.12, for the commission of the administrator, and, among other small items, the sum of $200.50, for the unpaid privileged claims, above mentioned, with the other small items amounting to $194, totaling the sum of $1,089.62. The Taylor plantation was sold for $5,250, and, as directed under the intervention, the sheriff retained, from the proceeds of. that sale, the sum of $1,089.62.

This court, in a former decree, ¡rendered judgment in this case, reversing the judgment below which, had resulted in the dismissal of this intervention on an exception of no cause of action, and remanded the case for trial on the merits. 149 So. 897.

In the first judgment rendered below on the merits, the intervention was again dismissed, but, on rehearing, the court reversed itself and rendered judgment in favor of the intervener, administrator of the succession of Ovide Lacour, ordering the sheriff of Pointe Coupee to pay intervener the sum of $200.50, the unpaid privileges claimed from the proceeds of sale realized by tbe adjudication of the Taylor plantation sold by *794 plaintiff, the Federal Land Bank of New Orleans, under executory process.

In its opinion decreeing the payment of tli,at amount from the proceeds of that sale, the court said: “The proceeds of the sale of the property foreclosed by the Federal Land Bank cannot be encroached upon for the payment of the cost of the administration of the Succession of Ovide Lacour, but must be encroached upon for the purpose of paying expenses of the last illness of the decedent to the sum of $200.50”—which ' was the amount of unpaid privileged claims recognized in the provisional account, hereinabove referred to.

In the Succession of Thompson, 42 La. Ann. page 124, 7 So. 477, 478, the court said: “The mortgage creditor has an interest in having the property sold separately from the other property of the succession, through the sheriff, so as to receive the proceeds, without unnecessary delay, avoid succession costs, commission of executrix, auctioneers’ and attorneys’ fees, etc., and the filing and homologation of an account or tableau of distribution.” The same ruling is found in the case of Freedman v. Succession of Carmouche, 174 La. 808, 141 So. 843.

In the Succession of Sussman, 168 La. 349, 122 So. 62, 63, a distinction was made whore the appellant had a vendor’s lien, but had not asserted his rights via executiva, and had “joined the executor in his application for the sale of the property to pay the debts of the succession.”

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Freedman v. Succession of Carmouche
141 So. 843 (Supreme Court of Louisiana, 1932)
Succession of Sussman
122 So. 62 (Supreme Court of Louisiana, 1929)
Federal Land Bank of New Orleans v. Succession of Lacour
149 So. 897 (Louisiana Court of Appeal, 1933)

Cite This Page — Counsel Stack

Bluebook (online)
157 So. 792, Counsel Stack Legal Research, https://law.counselstack.com/opinion/federal-land-bank-of-new-orleans-v-succession-of-lacour-lactapp-1934.