Case Name: City of New Orleans v. State Mutual Insurance Company
Court: Louisiana Supreme Court
Jurisdiction: Louisiana
Decision Date: 1866-12
Citations: 18 La. Ann. 675
Docket Number: 
Parties: City of New Orleans v. State Mutual Insurance Company.
Judges: 
Reporter: Louisiana Annual Reports
Volume: 18
Pages: 675–676

Head Matter:
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.

Opinion:
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.