Alexander v. Evans
Alexander v. Evans
Opinion of the Court
delivered the opinion of the court.
The only question which this case presents for our consideration, is, whether a twelve months’ bond, taken in pursuance of the act of 1817, to amend the several acts enacted to organize the courts of this state, and for other-purposes, operates as a judicial mortgage upon the property of the obligors, when registered in the office of the recorder of mortgages.
The 15th section of that act declares, that when the sheriff shall have sold the property on a credit, he shall return with the execution the bond by him taken, and lodge the same with the clerk, which shall have the force of a judgment. It then provides for the issuing an execution on the bond, against both principal and surety, if the money be not paid when due, in the same manner as upon final judgment of the court. The previous section provides, that if the bond be given for the price of lands or slaves sold on execution, a mortgage shall be retained on the property sold.
It is argued, that if the bond is to have the force of a judgment, it must, when recorded, produce a judicial mortgage, as that is the necessary force of every judgment. The Civil Code which was in force at the time of this transaction, defines a judicial mortgage to be that which proceeds from every judgment, and declares that it takes effect from the day when the judgment has been rendered, either on a hearing of the parties, or by default, final or subject to appeal. But, it excepts awards of arbitrators before their execution has been ordered. Civil Code, pages 452, 454, art. 8, 9.
But, we are of opinion, that the twelve months’ bond is essentially a contract to which the law attributes the force of a judgment only as relates to its execution by summary
It is, therefore, ordered, adjudged and decreed, that the judgment of the District Court be affirmed, with costs.
Reference
- Full Case Name
- ALEXANDER v. EVANS
- Status
- Published