Southland Inv. Co. v. Jeter

This is a suit for the cancellation of an assessment based on “credits.” The prayer of plaintiff'is for an injunction restraining the sheriff from collecting taxes upon such an assessment for the year 1929, and restraining the tax assessor from assessing plaintiff’s credits, and the tax collector from collecting taxes on such an assessment for the year 1930; or for any year thereafter. The suit was met by an exception of no cause of action. The exception was sustained, the injunction was denied, and plaintiff appealed.

Plaintiff is a Louisiana corporation, operating under the provisions of Act…