Vinton Oil & Sulphur Co. v. Gray

66 So. 357, 135 La. 1049, 1914 La. LEXIS 1880
CourtSupreme Court of Louisiana
DecidedOctober 19, 1914
DocketNo. 20388
StatusPublished
Cited by25 cases

This text of 66 So. 357 (Vinton Oil & Sulphur Co. v. Gray) 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
Vinton Oil & Sulphur Co. v. Gray, 66 So. 357, 135 La. 1049, 1914 La. LEXIS 1880 (La. 1914).

Opinion

Statement of the Case.

MONROE, C. J.

Defendant prosecutes this appeal from a judgment annulling a sheriff’s sale (made to him under a judgment obtained by him against plaintiff and others) and decreeing plaintiff to be the owner of an undivided half interest in the property sold. The facts out of which the litigation has arisen, in so far as they are disclosed by this transcript, and by the transcript in Gray v. Spring, 129 La. 345, 56 South. 305, Ann. Cas. 1913B, 372, which has been offered in evidence, are as follows:

Prior to May 14, 1901, Gray, defendant herein, and Aladin Vincent, owned in indivisión 4,688.05 acres of land in Calcasieu parish. Gray upon the day mentioned sold his interest to Vincent and two associates, the Messrs. Perry, for $234,402.50, of which $25,-000 was paid in cash and the balance in notes secured by mortgage, etc. Vincent and the Perrys then organized the plaintiff company, with Vincent as president, and conveyed to it the entire bpdy of land thus mentioned, subject, as to the half interest acquired from Gray, to the mortgage granted in his favor to secure pajunent of the price. In April, 1903, Gray and the Vinton Company (as. we shall call plaintiff) entered into a written contract whereby Gray acknowledged that the balance due on the notes held by him had been reduced to $200,000, extended the terms of payment of the same, and reduced the interest, and the company, for his further-security, granted him a mortgage for said balance upon the entire property, it being expressly stipulated that his rights, under-the mortgage upon the half interest which he had sold to Vincent, should remain unimpaired, and that, in the event of the nonpayment of the notes as extended, he, or any other holder, should be authorized to cause the entire property to be sold, for their satisfaction, “under executory or other process.”-

In 1904, Gray filed a petition in the district court, setting forth the facts as above stated, alleging default of payment under the contract of April, 1903, and praying tliat Vincent, the Perrys, and the Vinton Company be cited, and that he have judgment against Vincent and the Perrys in solido for $200,000, with interest, and with recognition of his. mortgage and vendor’s lien on the half interest in the land in question which he had sold to them, and with recognition of his mortgage, as granted by the Vinton Company,. [1054]*1054upon the entire tract; and on August 8, 1904, he obtained judgment, in confirmation of default, against Vincent and the Perrys in solido as prayed for, and further decreeing that his mortgage upon the entire tract, as fully described, be recognized and made ex-ecutory in the sum of $200,000, with interest, etc. Thereafter, in satisfaction of the judgment so rendered, the sheriff seized the entire property to which it refers (and, it is said, other property, belonging to Vincent individually), and, after due advertisement, on January 7, 1905, adjudicated it, though not all in one lot, to Gray for an aggregate sum of $74,050. The sheriff’s deed, dated January 9, 1905, bears the title and number of thq suit in which the judgment was rendered and contains the following, among other, recitals, to wit:

“Know all men * * * that, whereas, by virtue of a certain writ of fieri facias, issued upon a judgment rendered by the Fifteenth judicial district court, * * * I, * * * sheriff, * * * - did * * * seize, as the property of the said Aladin Vincent et al., the following described property: [Here follows a description of the property.] That, after having, on the 4th day of November, 1904, given to the said Aladin Vincent notice of seizure of said property, in conformity with the requirements of law, * * * and after the expiration of the legal delay * * * I gave public notice of the time and place of the sale by advertisement as required by law, * * * and after a full compliance with all other requirements of law did offer the said property for sale at public auction, at the time and place mentioned in said advertisement. * * * And, whereas, at the said sale, the said property was * * * sold to J. G. Gray: * * * Now, therefore, in consideration of the premises aforesaid, and of the payment of the said sum of $74,050, I * * * sheriff, * * * convey unto the said Gray * * * the above-described property, * * * to have and to hold * * * as fully and as absolutely as I, * * * sheriff aforesaid, can convey by virtue of said writ of fieri facias.”

In June following Gray and Vincent enter ed into a contract by notarial act, “for the purpose” (as therein declared) “of preventing litigation, and in order to adjust their differences,” whereby Vincent ratified and approved the adjudication so made and transferred and delivered to Gray all fencing on the property embraced in the adjudication as well as all fencing now (then) under seizure under alias writs of fi.. fa., issued in the aforementioned suit, and sold certain additional tracts of land to Gray, who further agreed to buy still other tracts from Mrs. Vincent, and released and discharged Vincent from all further liability under the judgment in question. And it may be stated, in this connection,’ the Perrys also, as we infer, were similarly discharged, upon payment of large sums of money, after which, they appear to have parted with their interest in and to have severed their connection with, the Vinton Company. Vincent thereafter went to Texas, where he remained for nearly two years, and the company became moribund, and so continued until it was revived by him, some six years later, for the purpose of bringing this suit. He says, in his testimony, that there was one meeting of the board of directors in 1905, and none after that, until March, 1911; and he further testified as follows, to wit:

“When I returned here from San Antonio, about the latter part of the year 1907, I also felt like the proceedings were not legal” (referring to the proceedings in the suit of Gray v. Vincent et al.), “and I employed Messrs. Williams & Williams and the present Judge Barbe to examine that record, to go ah over it, and see whether or not I had any right of action against Mr. Gray or the Perrys. I paid an advance fee of $50 for that work to Mr. Jim Williams. Afterwards Mr. Williams came back and reported to me that the proces verbal of the sale of my property was missing from the record.”

He appears then to have consulted another attorney, with whom he had some negotiations, concerning which he says:

“He made certain statements to me that the proceedings were not legal, and that, if I would employ him, he would recover that property. Q. For the company? A. Yes, sir; for the company.”

Nothing further was done in the matter at that time, but in the meanwhile Vincent had become interested with Spring, by whom some of the lands which he had conveyed to [1056]*1056Gray, by the ratification contract of June, 1905, were held under an oil lease, and he appears to have aided Spring in keeping Gray out of that property, until it was awarded to him by judgment of this court, handed down in June, 1911, and which became final in October of that year. 129 La. 345, 56 South. 305, Ann. Cas. 1913B, 372.

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Bluebook (online)
66 So. 357, 135 La. 1049, 1914 La. LEXIS 1880, Counsel Stack Legal Research, https://law.counselstack.com/opinion/vinton-oil-sulphur-co-v-gray-la-1914.