Supreme Court of Louisiana March 2, 1908, No. 16,893 (Cammack v. Levy)

LAND, J.

Plaintiff and the defendant Levy were stockholders in the New Iberia Cotton Mill Company, Limited. Plaintiff owned 5 shares and Levy owned 20 shares of the par value of $100 each. On or about June 6, 1901, Levy offered to sell his shares at 50 cents on the dollar of the amount he had paid thereon.