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KANE v. MOTOR VESSEL LEDA

Civ. A. No. 70-313.

355 F.Supp. 796 (1972)

Charles B. KANE d/b/a Kane's Diesel & Truck Repair, Plaintiff, v. MOTOR VESSEL LEDA, her engines, her boiler, furniture, gear, tackle and apparel, in rem and Leda Towing Company, Inc. in personam, Defendants.

United States District Court, E. D. Louisiana, New Orleans Division.

Second Hearing October 27, 1972.

Attorney(s) appearing for the Case

Louis R. Koerner, Jr., New Orleans, La., for plaintiff.

Rene S. Paysse, New Orleans, La., for defendants.

ALVIN B. RUBIN, District Judge:

I. FACTS

On October 31, 1969, Leda Towing Company, Inc. ("Leda") and Joseph J. Poirier ("Poirier") executed two documents with reference to the Motor Vessel LEDA. One purported to be a bareboat charter; the other purported to be an option to purchase. The two documents, read together as they must be, since they were executed simultaneously, resembled an agreement of the kind commonly called a lease-purchase contract. The 60...

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