Huber v. Jennings-Heywood Oil Syndicate

35 So. 889, 111 La. 747, 1904 La. LEXIS 557
CourtSupreme Court of Louisiana
DecidedJanuary 4, 1904
DocketNo. 14,853
StatusPublished
Cited by16 cases

This text of 35 So. 889 (Huber v. Jennings-Heywood Oil Syndicate) 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
Huber v. Jennings-Heywood Oil Syndicate, 35 So. 889, 111 La. 747, 1904 La. LEXIS 557 (La. 1904).

Opinion

Statement of the Case.

MONROE, J.

Upon grounds which will be stated hereafter the plaintiff in this suit at[749]*749tacks a mortgage under which certain land was sold to the defendants, as also the title acquired by them, and prays that the same be annulled, and that the title set up by him be recognized. Defendants plead “want of tender,” estoppel, and prescription, and for answer allege that they acquired the property in good faith at sheriff’s sale, and are in possession, and they pray that the suit be dismissed.

The facts, as disclosed by the evidence in the record, are as follows: Upon March 21, 1873, Henry Gellert purchased from the United States a tract of land in (what is now) the parish of Acadia, described as “Home Lot No. 1, or North %, Section 41, Township 9 S., (R.) 2 W—89 acres,” and upon July 19, 1S89, he executed, before E. M. Burke, notary public, an act of mortgage, which was duly recorded, and which reads in part as follows, to wit:

“* * =» Personally came and appeared Henry Gellert, * * * and * * * duly declared that he is justly and truly indebted unto Henry Dickinson of New York City * * * in the sum of $GOO, borrowed money, had and received, and, in settlement and as evidence thereof, * * * has furnished his bond, or writing obligatory, aggregating the sum of $600, in number and terms as follows, to wit: * * * No. 17,208—$600, due five years after date, made by him to his own order and by him indorsed, in blank, dated Lake Charles, in the parish of Calcasieu, Louisiana, the first day of July, 1889, * * * bearing interest at the rate of eight per cent per annum from date until final payment, and * * * payable at the National Bank of Commerce in New York, said interest being payable semiannually, * * * and, in evidence of his obligation to pay said interest said Henry Gellert has made * * * and annexes to said mortgage bond coupons for the amount of interest due upon said mortgage bond, said coupons * * * bearing interest at eight per cent per annum from their respective maturities until paid, all of which said mortgage bond and coupons, after having been paraphed by me, the said notary, to identify them herewith, were delivered to P. Huber, who hereby acknowledges the receipt thereof, for delivery to said Henry Dickinson.
“Now, in order to secure the full and punctual payment of said bond, in capital and interest, and of said interest coupons, * * * the said Henry Gellert moreover declared that he does by ‘these presents specially mortgage and hypothecate in favor of said Henry Dickinson and his heirs and assigns and of any and all such persons as may hereafter be the holder or holders of the said bond or coupons, or either of them, the following described property, situated in the parish of Acadia * * * to-wit: Lot number one (1), or the north half of fractional section forty one (41), Township number nine (9), South, Range number two (2), West, Louisiana meridian, and containing one hundred and sixteen and BVioo (116.52) acres, more or less, according to the official plat of the survey of the said land, excepting' three (3) acres, used as a burial ground.’ ” " Then follow the pact de non alienando, a stipulation to the effect that the bond shall at once become due and exigible upon the failure of the mortgagor to pay any one of the coupons at maturity, an agreement by the mortgagor to pay the taxes, and a consent that the property be seized and sold in the event of his failure to do so, with confession of judgment in favor of the holder or holders of the bond and coupons for the full amount thereof, together with all costs and charges; and, finally, an agreement to reimburse all taxes paid by such holder or holders, and all attorney’s fees, costs, and charges incurred by them for the protection of their rights, for the security of which obligation the mortgagor “further specially mortgages and hypothecates the herein before described property unto and in favor of said mortgagee and all holders of said bonds and coupons, or any one, or more, of them.”

The bond referred to, which is identified with the act by the number, description, and the paraph of the notary, and which, together with the unpaid coupons, has been brought up in the original, reads as follows:

“No. 17208 Real Estate $600 oo/oo
“Mortgage Coupon Bond.
“Know all men by these presents: That I, Henry Gellert, do hereby promise to pay to the order of myself the principal sum of six hundred dollars in lawful money of the United States of America, at the National Bank of Commerce in the City of New York, five [751]*751years after date, with interest thereon at the rate of eight per centum per annum, said interest to be paid in semi-annual installments according to the terms and conditions of this bond and the coupons hereto annexed (also ten per centum as attorney’s fees, if suit be instituted on this bond). It is also expressly agreed that if default be made in the payment of any of the interest upon the principal sum above mentioned, and any portion thereof shall remain due and unpaid for ten days after maturity, then, and in that event, the principal sum above mentioned, together with all accrued interest, shall, at once, and ipso facto, become due and payable, without notice of any kind whatsoever. It is further expressly agreed that this bond is made under, and is in all respects to be controlled by, the laws of the state of Louisiana, and is made for an actual loan of money, made at Lawrence, Kansas, by the J. B. Watkins Land Mortgage Company, to the said Henry Gellert, on the day of the date hereof, and is secured by a notarial act of mortgage, being a first lien on real estate situated in the parish of Acadia, and state of Louisiana. It is further expressly agreed that the terms and conditions of said act are hereby made part of this obligation. All exemption and appraisement laws are waived'. In witness whereof, I have set my hand to this bond, and signed said coupons at Lake Charles, Louisiana, on the first day of July,in the year of our Lord one thousand, eight hundred, and eighty nine.
“[Signed] Henry Gellert.”

Upon the back of this instrument is the indorsement, “For value received, I do hereby assign and transfer to -, or order, the within bond. [Signed] Henry Gellert;” as also certain written and printed matter, indicative of its contents.

The coupons, which are likewise duly paraphed by the notary, to identify them with the bond and the act of mortgage referred to, read (the dates of maturity being different) :

“24.00/00
“Lake Charles, La. July 1st, A. D. 1889.
“Twelve months after date, I promise to pay to the order of myself, the sum rof twenty four dollars, at the National Bank of Commerce, in the City of New York. If not paid at maturity, this coupon shall draw interest at the rate of eight per centum per annum thereafter until paid. This sum being six months interest, due at the maturity hereof, on $G00' loaned, as appears by Bond No. 17208.
“No. 2 [Signed] Henry Gellert.”

And each of them bears the indorsement, m blank, of Henry Gellert.

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Bluebook (online)
35 So. 889, 111 La. 747, 1904 La. LEXIS 557, Counsel Stack Legal Research, https://law.counselstack.com/opinion/huber-v-jennings-heywood-oil-syndicate-la-1904.