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FIRST NATIONAL BANK OF LAFAYETTE v. STOVALL

No. 63

128 So.2d 712 (1961)

FIRST NATIONAL BANK OF LAFAYETTE v. Ralph Eugene STOVALL.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearing Denied April 24, 1961.

Attorney(s) appearing for the Case

James J. Morrison, New Orleans, for plaintiff-appellant.

Faris, Leake & Emmett, Warren M. Faris, New Orleans, for defendant-appellee.

Before JANVIER, McBRIDE and SAMUEL, JJ.

JANVIER, Judge.

This is a controversy over the question of whether a fund of $15,000, deposited by certain libelees as a step towards the possible settlement of an admiralty proceeding, belongs to Ralph Stovall, the owner of the vessel known as Quarterboat Rex, which was lost in a maritime disaster and from which the libel proceeding resulted.

On December 21, 1956, Firemen's Fund Insurance Company issued to Ralph Eugene Stovall its "hull" policy in the sum...

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