City of New Orleans v. Firemen's Insurance

The opinion of the Court was delivered by

Watkins, J.

This is a proceeding by rule against the defendant for the recovery of the amount of its city licenses of $550, for the year 1887, *1143with two per cent, per month interest, from the first of March, 1887 ,• and a like sum for the year 1888, with like interest from the first of March, 1888.

The answer of the defendant is substantially embodied in one phrase, viz. :

“ That the imposition of any greater interest by way of penalty, or otherwise, by the City of New Orleans (than five per cent.) is illegal and in violation of Article 46 of the…