W. T. Adams Machine Co. v. Newman

107 La. 702
CourtSupreme Court of Louisiana
DecidedNovember 15, 1901
DocketNo. 13,918
StatusPublished
Cited by19 cases

This text of 107 La. 702 (W. T. Adams Machine Co. v. Newman) 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
W. T. Adams Machine Co. v. Newman, 107 La. 702 (La. 1901).

Opinion

[703]*703Statement op the Case.

Nicholls, C. J.

The plaintiffs, in their petition filed April 8th, 1895, alleged themselves to be the owners of certain boilers, cotton gins and other machinery which were then ion a plantation in the Parish of East Baton Rouge, belonging to the defendant. That on July 10th, 1891, they entered into a contract with W. S. Slaughter & Bro., By which they placed the said machinery in the possession of said Slaughter with a suspensive condition of sale, that the entire price should be paid for the said machinery.

That it was understood the title to the said machinery was to remain with petitioners until the said price was paid, as would more fully appear by the said contract, which they declared they annexed. That the defendant, being well aware that said property belonged to petitioner, received possession of the same nevertheless, took possession of the same and maliciously and illegally refused to deliver the same to petitioners, although the same had been repeatedly demanded of them, claiming that the same belonged to him.

That defendant had illegally and wrongfully held possession of said property for over a year. That the action of defendant in withholding the property was malicious and for the purpose of causing petitioner an injury, and they were entitled to ’’ecover damages for the said malicious and illegal action.

That they had been injured in the sum of eight hundred and fifty dollars by said malicious and illegal action, and they placed their damage, attorney’s fees, the use of the machinery for one year, the annoyance and vexation incident to and growing out of the wrongful action of the defendant at five hundred dollars, and punitive damages at three hundred dollars. They prayed that defendant be ordered, adjudged and decreed to deliver over the said machinery to them or upon failure so to do, to pay to them the price thereof, to-wit, the sum of fifteen hundred and fifty-two and 95-100 dollars, with interest from March 15th, 1893, and for eight hundred and fifty dollars damages, with legal interest thereon. Plaintiffs annexed the following instrument to their petition:

[704]*704“State of Louisiana, County of East Baton Rouge.
“W. S. Slaughter & Bro. — Trust Deed to W. T. Adams Machine Co., W. M. Ross, Benefiiciary Trustee.
“This indenture, made and entered into this 10th day of July, A. D. 1891, by and between W. S. Slaughter and Joseph IT. Slaughter, composing the firm of W. S. Slaughter & Bro., the parties of the first part, W. M. Ross as trustee, party of the second part, W. T. Adams Machine Company, manufacturer, of the city of Corinth, county of Alcorn, in the State of Mississippi, of the third part — Witnesseth
“That the first party, for the consideration hereinafter stated, and the sum of one dollar to them in hand paid, the receipt whereof is hereby acknowledged, has granted, bargained, sold and conveyed, and by these presents do grant, bargain, sell and convey to the said second party, his successor or successors and their assigns, all the right, title, claim or interest, of said party of the first part in and to the following property” (describing it). “All the above described machinery is located in the Parish of East Baton Rouge and State of Louisiana, and is all the machinery of this description that is owned by or in the possession of the party of the first part.”
“To have and to hold said property, together with all the appurtenances thereunto belonging and all the improvements that may be afterwards attached or added thereunto. But this conveyance is made in trust, however, for the following purposes, to-wit: the said first party is justly indebted to the said third party in the sum of fifteen hundred and fifty -tw'o and 95-100 dollars, evidenced by our several .promissory notes or contracts, as follows, to-wit: one for the sum of $317.65, dated the 10th of July, A. D. 1891, and due and payable on the 15th day of September, 1891; one for the sum of $617.65, dated the 10th day of July, A. D. 1891, and due and payable on the 1st day of January, 1892; one for the sum of $617.65, dated the 10th day of July, 1891, and due and payable on the 1st day of September, A. D. 1892, — which said notes were paraphed ‘Ne Varietur/ by R. J. Hummel, notary public, for identification herewith, with interest on each from date at the rate of eight, per cent, per annum until paid, and in each of which said notes it is specified among other things that the legal title to the said machinery for the purchase money of which said notes were given, and which is [705]*705uot waived, hereby, was and is reserved in the said third party until full payment of all the said notes therefor, together with all the interest accrued thereon, and to more effectually secure and make certain the payments of the' said promissory notes or contracts as hereinabove described, this conveyance is executed. Now, if the said first parties shall pay off' and discharge said notes as they respectively fall due, together with all the interest accrued thereon, and the costs of executing and recording this conveyance, then the same shall be void and of no effect. But if default shall be made in the payment of said promissory notes or contracts, or either of them, or any part thereof or either of £hem, as they shall respectively and successively fall due as hereinabove provided, then and in that event each and all of said notes, whether due or not, according to tenor and effect thereof, shall be taken and considered as due, payable and collectible from the date of such default.” “And the said second party, his successor or successors, shall at the request of the said third party, his assigns or personal representatives, with or without first taking possession of the said property, and with or without having it present at day of sale and after giving five days’ notice of the time, place and terms .of sale, by posting notices thereof in at least three public places in the county and State wherein said property is situated, proceed to sell the same to the highest and best bidder and purchasers for cash at the place named in such notice, and apply the proceeds arising therefrom, first, to the payment of preparing and recording this instrument; second, to the payment of two and one-half per cent, commissions thereon to said trustee or his successor and the necessary expenses incurred by him in executing said trust, which shall also include reasonable attorneys’ fees by him incurred; third, to the payment of the said promissory notes or indebtedness herein secured, and the overplus, if any, then to be paid to the said first parties or whoever may be entitled to the same. And in the event of a sale of said property by said trustee, he shall make as good and valid a title to the same as the first and third parties could now make. It is further understood and agreed between the parties hereto that the said first parties are to retain possession of said property until default in the payment of one or either of said notes, and that the said third party or assigns or, personal representatives are hereby granted the right, power and privilege at any time, at their option, to appoint another trustee in the place of the said W. M. Ross to carry [706]*706out and execute the trust, and to change the said trustee as often as the said third party may so desire, which appointment may be in writing and exhibited at this said sale in the event of a sale therebf.

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Bluebook (online)
107 La. 702, Counsel Stack Legal Research, https://law.counselstack.com/opinion/w-t-adams-machine-co-v-newman-la-1901.