Citizens' Bank of Louisiana v. Board of Assessors for the Parish of Orleans
U.S. Circuit Court for the District of Eastern Louisiana
In Equity. Bill by the Citizens’ Bank of Louisiana against the board of assessors for the parish of Orleans and others to enjoin the collection of taxes. Heard on application for an injunction pendente lite.
1Opinion of the Court
BILLINGS, District Judge.
This case has been submitted upon an application for an injunction pendente lite. The defendants are about to levy and collect a tax upon the shares of the bank. The question to be passed upon is whether the shares are exempted from taxation. The original charter was granted in 1833. Acts 1833, p. 172. That act contemplated that the capital of the bank, which was fixed at $14,000,000, would be obtained by the issuance by the bank of its own bonds. The subscribers for the stock were to pay nothing upon their subscriptions, but were to furnish mortgages upon cultivated…
2Cases cited2 opinions
- New Orleans v. HoustonSupreme Court of the United States · 1886
- Citizens' Bank v. BounySupreme Court of Louisiana · 1880
3Cited by3 opinions
- McKee v. HughesTennessee Supreme Court · 1915
- Merritt v. WILSON CTY. BD OF ZONING APPEALSCourt of Appeals of Tennessee · 1983
- Merritt v. Wilson County Board of Zoning AppealsCourt of Appeals of Tennessee · 1983