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FIRST LOUISIANA INVESTMENT CORPORATION v. UNITED STATES

No. 21651.

351 F.2d 495 (1965)

FIRST LOUISIANA INVESTMENT CORPORATION, Appellant, v. UNITED STATES of America, Appellee.

United States Court of Appeals Fifth Circuit.

Rehearing Denied November 5, 1965.

Attorney(s) appearing for the Case

James D. Sparks, Robert C. Cudd, III, Thompson, Thompson & Sparks, Monroe, La., for appellant.

Morton Hollander, John C. Eldridge, Attys., Dept. of Justice, Washington, D. C., John W. Douglas, Asst. Atty. Gen., Edward L. Shaheen, U. S. Atty., for appellee.

Before WHITAKER, RIVES and JONES, Circuit Judges.

JONES, Circuit Judge:

The appellant, First Louisiana Investment Corporation, is a Louisiana corporation. Its president and principal stockholder is Louis M. Ray. He established its policies and controlled its activities. It was organized for and was licensed by the Small Business Administration (herein called SBA) as a small business investment company under the Small Business Investment Act, 15 U.S.C.A. § 661 et seq. (herein referred to as the Act). Before it...

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