City of Memphis v. Foreign Insurance Companies

McFarland, J.,

delivered tbe opinion of tbe court:

This was an agreed case to test tbe right of tbe city of Memphis to assess a tax in tbe nature of a privilege tax, *464upon certain foreign insurance agencies, and doing business in Memphis.

The legislature passed an act on the 24th. March, 1875 [Acts 1875, ch. 109], entitled, “an act to regulate the business of fire and all other, except life, insurance companies.” The 8th section enacts that, “each any every company organized for any of the purposes named in this act not incorporated by or organized under the laws of this state, shall, on the 30th…