DAVENPORT v. RALPH N. PETERS & CO.

No. 11104.

386 F.2d 199 (1967)

P. W. DAVENPORT, Tax Collector for the City of Charlotte and Mecklenburg County, and City of Charlotte and Mecklenburg County, Appellees, v. RALPH N. PETERS & CO., a Limited Partnership, Appellants.

United States Court of Appeals Fourth Circuit.

Decided October 12, 1967.


Attorney(s) appearing for the Case

R. E. Cabell, Jr., Richmond, Va., and Thomas Ashe Lockhart, Charlotte, N. C. (Moncure & Cabell, Richmond, Va., and Cansler & Lockhart, Charlotte, N. C., on brief), for appellants.

Hamlin L. Wade, Charlotte, N. C. (Ruff, Perry, Bond, Cobb & Wade, Charlotte, N. C., on brief), for appellees.

Before HAYNSWORTH, Chief Judge, and BRYAN and WINTER, Circuit Judges.


WINTER, Circuit Judge:

Whether a Chicago commodities broker (Ralph N. Peters & Co., a partnership, hereafter called "Peters") was properly before the Court and was correctly held personally liable for 1963 and 1964 personal property ad valorem taxes on cottonseed oil stored in Charlotte, Mecklenburg County, North Carolina, when, at most, it had only a security interest in the warehouse receipts, had repledged them for loans to itself, and the receipts were in...

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