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STATE EX REL. JOHNSON v. KEYSTONE LIFE INSURANCE COMPANY

No. 20796.

93 So.2d 565 (1957)

STATE of Louisiana ex rel. Dr. F. L. JOHNSON et al. v. The KEYSTONE LIFE INSURANCE COMPANY et al.

Court of Appeal of Louisiana, Orleans.

Rehearing Denied March 25, 1957.

Writ of Certiorari Denied May 7, 1957.

Attorney(s) appearing for the Case

Benjamin E. Smith and Rudolph R. Schoemann, New Orleans, for relators and appellants.

John T. Charbonnet, New Orleans, of counsel, for Keystone Life Ins. Co.

William J. Wegmann and Racivitch, Johnson, Wegmann & Mouledoux, New Orleans, of counsel, for U. W. Pryce, J. A. Phillips, M. D., and E. H. Stanley.

McBRIDE, Judge.

This is a suit for mandamus and as a prelude to stating the case we mention certain pertinent facts.

The Keystone Life Insurance Company, a Louisiana corporation domiciled in New Orleans, is engaged in the business of industrial life insurance and has approximately eighty-seven stockholders. At the close of the fiscal years 1952 and 1954 substantial impairments to capital were required by the Secretary of State to be made good under authority...

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