Case ID: la-ann_18/html/0675-02.html
Source: Caselaw Access Project
Author: {"author": "HowEnii, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

City of New Orleans v. State Mutual Insurance Company.
    The subscription notes of a mutual insurance cpmpany constitute a part of tho capital stock of thQ company, and are subject to taxation.
    APPEAL from the Second District Court of New Orleans,
    
      Whitaker, J. W 3. Hunt, for appellant. L. M. Day, for appellee.
   HowEnii, J.

The question presented in this case is, whether or not the subscription notes of the company constitute a part of the capital, which is subject to taxation under the law ?

In the cases of the City of New Orleans v. Union Insurance Company, and Same v. Star Mutual Insurance Company, we decided the question in the affirmative, and for the reasons therein given :

It is ordered, that the judgment appealed from be affirmed, with costs.