F. May & Co. v. City of New Orleans

The opinion of the court was delivered by

Elanohard, J.

Plaintiffs are importers of merchandise. Their place of business and store is in the city of New Orleans. They were assessed for the year of 1897 on “merchandise, or stock in trade,” at ■$2,500, and, under the printed heading on the assessment roll of “money loaned on interest, all credits and all bills receivable for money loaned or advanced, or for goods sold, and all credits of any and every description,” they were assessed at the further sum of $1,000.

*1065They refused to pay the city tax based on this assessment, on the ground that the…