City of New Orleans v. Louisiana Savings Bank & Safe Deposit Co.

The opinion of the court was delivered by

Spencer, J.

Plaintiff sues defendant to recover the following taxes:

1st. The tax on its assets and property over and above the capital stock, exclusive of real estate and non-taxable property. This surplus is estimated and assessed on the roll at 139,669.

*8272nd. The tax on shares of stockholders in said company, after deducting the real estate and other property otherwise assessed or exempt from taxation. These shares are assessed against each stockholder by name, and their aggregate value is fixed at $406,900 on the assessment roll.

The defense is, first,…