Bibb v. Union Bank

Supreme Court of Louisiana
Bibb v. Union Bank, 3 La. Ann. 334 (La. 1848)
Rost

Bibb v. Union Bank

Opinion of the Court

The judgment of the court was pronounced by

Rost, J.

The plaintiffs obtained an injunction to arrest the sale of four slaves seized by the sheriíf of St. Tammany, at the suit of the Union Bank against Bickham and wife. They claim title to the slaves under a sheriff’s sale made at the suit of Marlin, Pleasants ^ Co. against the same parties, and also by prescription. There was judgment in their favor in the court below, and the defendants appealed.

In May, 1839, Brickliam and wife, then residing in the parish of Washington, obtained a loan of $5,000 from the Union Bank, and to secure the payment thereof mortgaged the slaves in controversy, and other property. They, at the same time, gave the bank for the amount of the loan a bond payable twelve months after date, which was protested for non-payment at maturity. Bickham, and wife subsequently removed to the parish of St. Helena, taking their slaves with them ; and, on the 28th December, 1840, the slaves in controversy were sold in that parish at sheriff’s sale at the suit of Martin, Pleasants &f Co. The certificate of mortgages, adduced by the sheriff at the -sale, shows that there were no mortgages on the property seized in the name of Bickham aDd wife in the parish of St. Helena, except certain judicial -mortgages, the oldest of which was that of the seizing creditors. More than five years elapsed from the date of this sale to that of the seizure made by the Union Bank.

The plaintiffs contend : First, That as the mortgage of the Union Bank was not recorded in the parish of St. Helena, and as no mention is made of it in *335the certificate of mortgages adduced on th„e day of sale, they acquired the slaves free from that mortgage. Secondly, That if the mortgage was still in force against third persons from the date of its inscription in the parish of Washington, they have possessed the slaves claimed in good fhith and under a just title for upwards of five years, and prescription must ayail them against the claim of the defendants, under articles 3444, 3445, 3446. 3447, 3414, of the Code.

The first point made must be considered as settled in favor of the defendants by the decision in the case of the Commissioners of the New Orleans Improvement and Banking Company v. Jewett, 11 Rob. p. 20.

The second presents no difficulty. Art. 3442 of the Code provides that, he who acquires an immovable in good faith, and by a just title, prescribes for it is ten years if the real owner reside in the State, and in twenty years if the owner resides out of the State. Art. 3444 provides that, for the prescription of slaves the time will be one half of that required for immovables. These prescriptions only run against ihe real owner. They do not affect mortgage creditors.

By an express disposition of art. 2180, .of the Nap. Code, prescription is acquired by the third possessor of mortgaged property, by the lapse of time fixed by law for the prescription of the property itself. This disposition lias been omitted in art. 3374 of our Code, which is otherwise the same; and the prescription against mortgages can only be acquired by the time fixed by law for the prescription of the hypothecary action.

It is therefore decreed that the judgment in this case be reversed. It is further decreed that the injunction sued out by the plaintiffs be set aside and dissolved, and the defendants allowed to proceed under their execution. And the claim of the defendants, bearing interest at the rate of ten per cent per annum, it is further decreed that the plaintiffs, together with Ambrose While and Thomas Oreen Davidson their sureties on the injunction bond, be adjudged to pay the defendants, in solido, $100 damages. It- is further ordered that the plaintiffs pay costs in both courts.

Reference

Full Case Name
Bibb v. The Union Bank of Louisiana
Status
Published