Whitney Nat. Bank v. Socola Rice Mill Co.

ROGERS, Justice.

The Whitney National Bank of New Orleans foreclosed a mortgage on property of the Socola Rice Mill Company and became the purchaser at the sheriff’s sale. The property was assessed on the real estate tax rolls of the city of New Orleans for $45,000 for each of the years 1932 and 1933, and the machinery in the mill was also assessed on the personal tax rolls of the municipality for $15,000 for the former year, and for $18,000 for the latter year. On the day the sale under the foreclosure proceeding took place, the board of assessors for the parish of Orleans filed supplemental…