Planters Bank v. Bass

2 La. Ann. 430
Supreme Court of Louisiana·Decided April 15, 1847·Published·Cited by 9 cases

Opinion

The judgment of the court was pronounced by

Slidell, J.

In the year 1836, the plaintiffs brought suit upon a note for' $20,-000, against Elias Bass, as endoi-ser, who died pending, the action ; his-widow was made party in his stead, and, in 1842, a judgment was rendered in-favor of the plaintiffs. In 1843', an appeal was taken by the defendant. After the case came to the Supreme Court it was set for argument, heard, and taken-under advisement of ou-r predecessors; but not having been decided, it was again setfor argument before this court. When called for argument the appellant placed on record a suggestion and plea, t-o the following effect :■ That since the appeal was taken, the charter of the plaintiffs had been adjudged by tile High Court of Errors and Appeals of the State of Mississippi to be forfeited';' that the said corporation was declared dissolved, and was perpetually enjoined-from further exercising any of the franchises, liberties and privileges conferred by said charter, in proof of which was exhibited a duly certified copy of the-suit and judgment of forfeiture, Which was pleaded as a perpetual bar to the-further prosecution of this suit : That the trustees appointed to liquidate the affairs of said dissolved corporation by the Circuit Court of Adams county, upon pronouncing said decree of forfeiture, are deprived and divested of all legal1 authority to sue for or collect any debt due to the said Planter's Bank. That the only power they possess is to sell, under an order of court, all the properly [433] and evidences of debt heretofore belonging to said bank, and which have come into their possession. In proof of which they exhibit to the court an act of the legislature of the State of Mississippi, approved Feb. 28th, 1846, entitled “ An act to amend an act entitled an act to prescribe the mode of proceeding against incorporated banks for a violation of their corporate franchises, &c., approved July 26, 1843,” which act so amended is also exhibited. That the appellant pleads the above statutes in bar of any prosecution of this suit by the trustees so appointed. It was further pleaded that any authority conferred upon the trustees, either by the acts of the legislature or by the court of that State, is strictly territorial, and cannot be extended or recognised without the limits of the jurisdiction of that State.

Thereupon the trustees, Galbraith Sf Cooper, appointed by the court in Mississippi, entered their appearance in this cause, and filed a petition praying to be permitted to become parties to the suit. At the same time and by the same counsel, an appearance was also entered for Walworth, Montgomery, and Mandeville, who claimed to be owners of the debt due by the defendant by virtue of a deed of assignment and trust, said to have been executed by the Planters Panic to them, in trust for creditors, prior to the decree of forfeiture. These last named trustees we shall at present leave out of view.

The petition of Galbraith Sf Cooper having been filed, the appellant filed an answer, in which he reiterates the matters pleaded in the suggestion and plea above stated, and asks that the cause be remanded to the District Court for the trial and decision of the issues thus presented. He contends that this court has no right to consider them originally.

There is no doubt that this suit belongs to that class of cases in which our jurisdiction is appellate only. Constitution, art. 63. It is also true, that all the matters presented by the suggestion and plea of the appellant, and by the petition of the trustees and the answer made to it, are new matters, and which have never been submitted to the consideration of the inferior court. The controversy in question has originated in the appellate tribunal, and the principle is undoubted that, by virtue of our constitutional powers as an appellate court we cannot create a cause.

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Planters Bank v. Bass, 2 La. Ann. 430 (La. 1847).

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