Supreme Court of Louisiana July 8, 1929, No. 30044. (Assumption Parish School Board v. Bank of Napoleonville)

LAND, J.

The Bank of Napoleonville is the holder of certain notes of the Assumption parish school board in various amounts, aggregating the sum of $50,500, and representing- an indebtedness incurred by the school board prior to January 1, 1929 in the administration of its affairs.