Marchand v. Van Norden
Marchand v. Van Norden
Opinion of the Court
The opinion of the Oourt was delivered by
The plaintiff, Alfred Marchand, a judgment creditor of the Mississippi and Mexican Gulf Ship Oanal and Drainage Company for the sum of $5187 60, with eight per cent per annum interest thereon from 9th of January, 1872, and costs of suit, issued execution on his said judgment, which was returned nulla bona. Said judgment was recovered
The defendants filed an answer of general denial and the plea of prescription of one year.
There was judgment decreeing “that the sales and transfers to Warner Yan Norden, as set forth in plaintiff’s petition, be set aside; that the property described in the act passed before Andrew Hero, Jr., on the 22d November, 1872, be decreed to be the property of the Mississippi and Mexican Gulf Canal Company and subject to the payment of its debts, and especially of the judgment of plaintiff, with all interest and costs, in suit No. 9338 of the late Seventh District Court for the parish of Orleans, and now suit No. 38,172 of the Fourth District Court for said parish, (viz; the sum of five thousand one hundred and eighty-seven dollars and sixty cents with eight per cent interest per annum thereon from January 9th, 1872, until paid, with clerk’s and sheriff’s
In plaintiff’s brief we find this statement: “ Plaintiff has filed an answer to the appeal praying absolute judgment against both defendants.” The transcript and record exhibit no such answer, while the certificate of the clerk of this Court, appended to the transcript, sets forth that “ no answer to the appeal or application for the amendment of the' judgment appealed from has ever been filed in the above entitled cause.” Hence, no amendment of the judgment in favor of the plaintiff will be considered by us.
The judgment of the lower court was based upon the reasons contained in the opinion of the judge a quo, and seem to us to be well sustained by the facts as shown in the record and the application of the law thereto. The testimony goes to show that, at the time the transfer of 22d November, 1872, was made the company was insolvent, and this fact was within the knowledge of Yan Norden. Yan Norden’s intimate connection with the affairs of the company, his actual control" of its operations, were of such a nature that it seems to us next to an impossibility that he could have been ignorant of its affairs, its liabilities, its pecuniary embarrassments and its actual insolvency. As well stated by the District Judge: “At the time of the last act of sale, whereby he acquired title to the drainage boats, mules, tools, etc., it must be remembered that, in May prior, he had obtained upon a, promise to advance money, the subrogation to all the rights and franchises of the company; and from the testimony of Mr. Moody, in the record, it appears that the canal itself, which he at one time ‘estimated to be worth $1,000,000 is now valueless’; ‘that the company has no assets or property, and that its stock has no value.’ ” We do not think the transaction as to the sale and transfer of the property was marked with good faith, but on the contrary, are satisfied that it was intended to give an undue preference to'Yan Norden over other creditors of the company. Besides, we concur with' the judge a quo in the opinion, that the transfer was, to all intents and purposes, intended as a daiion en paiement, and, as such, was given to secure' an unjust preference over creditors, and should, therefore, be annulled. C. C. 2655 to 2659; 1 Martin, 240; 4 N. S. 651; 13 An. 353.
The judgment appealed from is affirmed with costs»
Reference
- Full Case Name
- Alfred Marchand v. Warner Van Norden
- Status
- Published