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NATIONAL BANK OF BOSSIER CITY v. NATIONS

No. 16826-CA.

465 So.2d 929 (1985)

The NATIONAL BANK OF BOSSIER CITY, Plaintiff-Appellee, v. Reed NATIONS, et al, Defendants-Appellants.

Court of Appeal of Louisiana, Second Circuit.

February 27, 1985.

Attorney(s) appearing for the Case

Weems, Abney, Wright, Adams & Medlin by Lee D. Cole & Larry Feldman, Jr., Shreveport, for plaintiff-appellee, The National Bank of Bossier City.

Fish, Montgomery & Robinson by Roy M. Fish, Springhill, for defendant-appellant, Reed Nations.

Schober & Brabham by Charles J. Neupert, Jr., John L. Schober, Jr., Shreveport, for defendant-appellant, Columbia Pulp Co., Inc.

Before MARVIN, JASPER E. JONES and NORRIS, JJ.

NORRIS, Judge.

This suit began as an action on a note and to recognize a mortgage. The obligor of the note was Reed Nations ("Reed"); the mortgagor was Columbia Pulp Co. Inc. ("Columbia"), an Arkansas corporation of which Reed was president and majority stockholder. The other stockholders were Reed's younger sisters; Reed's widowed mother may have also had an interest. Columbia's single asset, a large tract of land, had been allegedly mortgaged to the plaintiff, National...

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