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SCHULINGKAMP v. VISTA SHORES CLUB

No. 6851.

318 So.2d 907 (1975)

Oliver P. SCHULINGKAMP v. VISTA SHORES CLUB.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearing Denied October 9, 1975.

Writ Refused November 21, 1975.

Attorney(s) appearing for the Case

John C. Werhan, Metairie, for plaintiff-appellant.

Charles E. Cabibi, New Orleans, for defendant-appellee.

Before REDMANN, SCHOTT and MORIAL, JJ.

MORIAL, Judge.

Defendant, a Louisiana non-profit corporation, in aid of financing the construction and equipping of a building for the use and enjoyment of its members devised a plan whereby a member would purchase a "25 Year Debenture Note." Plaintiff, as a member purchased an instrument complete on its face which was delivered to him and read as follows:

"VISTA SHORES CLUB

New Orleans, Louisiana

25-Year Debenture Note

(8% per...

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