GRANT v. OUACHITA NAT. BANK

No. 20155-CA.

536 So.2d 647 (1988)

Thomas A. GRANT, III, Plaintiff/Appellant, v. The OUACHITA NATIONAL BANK, Defendant/Appellee.

Court of Appeal of Louisiana, Second Circuit.

November 30, 1988.


Attorney(s) appearing for the Case

Theus, Grisham, Davis & Leigh by J. Michael Hart, Monroe, Comegys, Lawrence, Jones, Odom & Spruiell by Wm. Paul Lawrence, II, Frank H. Spruiell, Jr., Shreveport, for Thomas A. Grant, III, appellant.

Booth, Lockard, Politz, LeSage & D'Anna by Nyle A. Politz, Shreveport, for Susan Grant, appellant.

Jones, Walker, Waechter, Poitevent, Carrere & Denegre by R. Patrick Vance, Andrew A. Braun, James E. Bailey, III, New Orleans, Hudson, Potts & Bernstein by James A. Rountree, Monroe, for Ouachita Nat. Bank, defendant/appellee.

Before JASPER E. JONES, FRED W. JONES, Jr., and LINDSAY, JJ.


FRED W. JONES, Jr., Judge.

The principal issue presented in this appeal is whether the trial judge erred in holding that a 1986 Act of Pledge covered 1984 debts. For the following reasons, we affirm the summary judgment.

In January 1984 the plaintiff Grant, his wife, and J.C. Steele, III borrowed ten million dollars to purchase land for a future real estate development called "Cities Services Properties" (CSP). A collateral mortgage on the land purchased was...

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