Hope & Co. v. Board of Liquidation

41 La. Ann. 535
CourtSupreme Court of Louisiana
DecidedMay 15, 1889
DocketNo. 10,375
StatusPublished

This text of 41 La. Ann. 535 (Hope & Co. v. Board of Liquidation) is published on Counsel Stack Legal Research, covering Supreme Court of Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hope & Co. v. Board of Liquidation, 41 La. Ann. 535 (La. 1889).

Opinion

Tlie opinion of tlie Court was delivered by

McEnery, J.

Tlie plaintiffs brought this suit to have declared legal and valid obligations of the State, and to have funded into constitutional bonds 9042 bonds, each for the sum $444 44, issued in pursuance of Act approved 3d January, 1836.

The prayer of the petition is “ that there may bo judgment in petitioner’s favor against said Board of Liquidation and against tho State of [537]*537Louisiana, as represented by said board, decreeing and adjudging that the 9042 bonds held by your petitioners, as aforesaid, and issued to the Citizens’ Bank, as aforesaid, are valid and legal obligations against the State of Louisiana ” 11 * * * * * * * * And ordering and commanding the said Board of Liquidation to receive the said bonds and the coupons thereof from your petitioners and to issue and deliver to them in exchange thereof consolidated bonds of the State of Louisiana to the amount of $2,411,175 88.”

The State, through the Board of Liquidation, filed several exceptions to the suit, only one of which was passed upon by the judge a quo. Tlio exception that no demand was made upon the Board of Liquidation was sustained and the suit was dismissed.

The plaintiffs, through their attorneys, addressed the following communication to the Board of Liquidation :

To the Honorable Tlio State Board of Liquidation:
Gentlemen — I am commissioned by Messrs. Hoi>e & Co., of Amsterdam, to demand of you to fund and exchange for consolidated bonds of Louisiana, under provisions of Act Ho. 3 of the Legislature of 1874, nine thousand, and forty bonds of the Biabo of Louisiana, each for the sum of $-144 44, issued under tlio terms and provisions of an Act of January 30, 183(5, payable to the order of, and indorsed by the president and directors of the Citizens’ Bank of Louisiana.
L respectfully request an early answer to the demand of my clients, and remain, gentlemen,
Very truly, yours,
HEHttY DEHIS, Attorney.

The board not being in session could not act by individual vote of its members and fund the bonds, as requested. The secretary of the hoard could very well have ignored this extiaordinary request, and, without violating any rules of propriety, could have abstained from replying to the same.

. But the Auditor of the State courteously replied to the communication, as follows :

State oe Louisana, Auditor’s Office, > Baton liouge, January 24, 1889. )
Mr. Henry Denis, Attorney at Law, 173 Common Street. How Orleans, La.:
Dear Sir — Your favor of the 21st instant, in reference to bonds issued under an Act of 183(5, payable to tlio order of and indorsed by tlio president and directors of the Citizens’ Bank of Louisiana, will be submitted to tlio Board of Liquidation at the next meeting.
There being no business before the board at tlio time, 1 can not say when there will ho a meeting, probably not before April or May next.
Yours, truly,
O. B. STEELE,
Auditor and Bx-Officio Secretary of Board of Liquidation.

A letter was addressed to the Governor of the State, in which the attorney for Hope & Co., says:

[538]*538I have received an answer from the Auditor of the State and ex-officio Secretary of the Board of Liquidation, informing me that there being no business before the board at this time, he cannot say when there will be a meeting, probably not before April or May next.
“ Considering the importance and magnitude of the matter to bo laid before the board in the demand of Messrs. Hope & Co., I respectfully request jrour Excellency to call a special meeting of the board to that effect. Very truly yours, Henry Denis, Attorney.”

The Governor did not reply to this communication, and did not call a special meeting of the board.

The attorney for Hope & Co., after this letter was written to the Governor, addressed a communication to each member of the Board of Liquidation, in which he says:

Considering that the action of the board in the premises, through its president and secretary, is a clear evasion of the law, I respectfully notify you that after the 1st of March, 1889, if the board, in the meantime, has not met and passed upon the demand of Messrs. Hope & Co., I will commence legal xirocoedings against it and deem its refusal as equivalent to a refusal to fund the bonds in question.” In view of the fact that the plaintiffs had a clear and unequivocal way of proceeding to have their bonds x>assed upon by the Board of Liquidation, it is clear that the above communications could not be reasonably construed as a formal demand within the meaning of the law and as evidence of refusal by the board.

The funding laws, in creating the Board of Liquidation, and conferring upon it powers and duties to fund and exchange for others certain bonds and warrants, described in Act 3 of 1874, did not prescribe any rules or mode of xirocednro by which the board should regulate its own proceedings, and the mode and manner in. which the claims should be X>resented and prosecuted to final action.

It had, therefore, in order to carry out the objects and x>urposes of its creation, the xiower to make rules and regulations as to the mode of x>rocedure before it, and the manner and form in which claims should be presented for its consideration. The Board of Liquidation, in this resx>ect, is like a court of record, and every court of record has the inherent power to make rules for the transaction of its business, and to alter, amend or repeal them, x>rovided they do not contravene the Constitution and laws of the State. And while in force theji must be aqiplied to all cases alike which fall within them. It was not, therefore, in the discretion of the Board of Liquidation, any more than in that of a court, to suspend its rules in its discretion to meet a x>articular case, unless such .discretion is authorized by the rules themselves.

[539]*539In 1877, the Board of Liquidation, by resolution, established a rule that applicants for funding claims against the State, under its laws, must file them, on blank forms, prepared for the purpose, with the Auditor of Public Accounts, who is ex-officio secretary of the board. This rule is a law to all partios who transact business before’the board. It is a maxim “the practice of the court is the law of the court,” and in tins respect the rules and regulations of the Board of Liquidation are as binding on all those who apx>ly to it for relief as the rules of court are upon litigants.

The want of knowledge, on the part of the attorney of Hope & Co., of the rules of the Board of Liquidation as to the manner in which claims should ho presented, is no excuse for a non-compliauco with them.

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Bluebook (online)
41 La. Ann. 535, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hope-co-v-board-of-liquidation-la-1889.