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AMERICAN GEN. INV. CORP. v. ST. ELMO LANDS

Nos. 11332, 11333.

391 So.2d 570 (1980)

AMERICAN GENERAL INVESTMENT CORPORATION v. ST. ELMO LANDS et al. AMERICAN GENERAL INVESTMENT CORPORATION v. ST. ELMO LANDS et al.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearing Denied December 19, 1980.

Attorney(s) appearing for the Case

Liskow & Lewis, Edward J. Gay, III, New Orleans, for St. Elmo Lands.

Thomas J. Kliebert, Gramercy, for American General Inv. Corp.

Francipane, Regan & St. Peé, Chester Francipane and Richard T. Regan, Metairie, in pro. per.

Before REDMANN, GULOTTA and BARRY, JJ.

BARRY, Judge.

Plaintiff, American General Investment Corporation (American General) owned three promissory notes secured by mortgages executed by defendant, St. Elmo Lands (St. Elmo) on properties in St. James Parish. St. Elmo defaulted on the notes and American General filed two lawsuits, one via executiva and the other via ordinaria, for unpaid principal and interest of $2,272,000.00, plus costs and attorney's fees of 10% as stipulated in the notes.

A writ...

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