9 Rob. 482 | La. | 1845
The plaintiff, as widow of John Linton deceased, and heretofore in community with him, and as natural tutrix of his children and hpirs, seeks to recover the amount of sundry promissory notes, drawn by the defendants, and which she alleges that she has been compelled to pay, as the endorser thereof. She states that her endorsements on the notes sued on, were procured to the defendants in lieu of those of her deceased husband, who had, during his life time, endorsed bills and notes for said defendants to a large amount, and that soon after the death of her said husband, she was applied to by the defendants for the continuance and renewal of John Linton’s endorsements, which she consented to, in consequence of the representations of said defendants and for the reasons mentioned in her petition. She further represents that her husband died on the 27th of August, 1834; that on the 9th of July previous, a certain act of mortgage on certain property, was executed by defendants before a notary public, in favor of said John Linton, in which it was recited,,that: “ Whereas the said Linton had, from motives of friendship, and for the sole use and benefit of the mortgagors, already endorsed for them to the amount of-; and whereas the said Linton, might, within the twelve months succeeding the date of the act, make further endorsements for the accommodation and benefit of the mortgagors, to the amount of $30,000, etc.” She alleges that the notes sued on as by her endorsed in renewal of those endorsed by her husband, are secured by the said mortgage, and ought to be paid by privilege and preference over and above all other creditors of the defendants, out of the proceeds of the sale of the mortgaged property; that as widow and natural tutrix she became subrogated in law to all the rights and claims of her husband, under the said act of mortgage; and she prays that judgment may be rendered accordingly.
The defendants answered separately; one of them admit
One of the defendants’ creditors, who had caused a part of the property described in Linton’s act of mortgage to be seized and sold to satisfy his claim, and the purchaser of the said property at the marshall’s sale, intervened, and opposed the plaintiff’s demand on divers grounds, denying the endorsements, etc.; and averring that the deed of mortgage does not state the sum for which previous endorsements had been given, and that said mortgage is null for want of certainty.
Judgment was rendered below in favor of the plaintiff, against the defendants, in solido, for the sum of $5737 03; but it was also ordered that the mortgage granted by said defendants in.favor of John Linton, should be erased from the records of the Recorder of Mortgages; and from this judgment the plaintiff has appealed.
The stipulations contained in the act of mortgage under consideration, were inserted with two objects: 1st, to secure endorsements, already existing at the date of the act, the amount whereof has been left blank; and 2d, to secure endorsements to be furnished in futuro, to the amount of $30,000. It is not pretended that John Linton ever endorsed any bill or note for the defendants, after the date of the act; nay, it is admitted in the pleadings by the plaintiff, that the endorsements which she gave after the death of her husband, were to renew those which had been furnished by him previous to the execution of the mortgase; and, if it be true, that the endorsements declared upon in the petition, were a continuation of those of the deceased, it is clear that they must be comprised among those provided for as already existing, and of which the amount is not expressed in the act of mortgage.
Now, it is true we have often held that a mortgage may be given and received as security for endorsements previously made (4 La. 247); and that it shall have its effect for any renewals that may take place subsequently of the original notes or bills eAdorsed by the mortgagee. 8 La. 276, 531. But we
Art. 3259 of the same Code, relied on by plaintiff’s counsel, and which permits a mortgage to be given for an obligation not yet existing, has no application to the point in issue as arising from the first object of the mortgage under consideration; but be this as it may, it does not dispense with the declaration of the amount of the future obligation thereby contracted. Such amount may be easily ascertained previous to the execution of the act; and we agree with the judge a quo in the opinion, that nothing is easier than to construe the two articles so as to give effect to both. They were enacted for different and distinct purposes. By art. 3259, a mortgage may be given for the security of future endorsements ; and by art. 3277, the amount of such endorsements must be expressed. It is clear there is no discrepancy in the two provisions.
Judgment affirmed.