Southern Realty Corp. v. McCallum

McMILLAN, District Judge.

Plaintiffs, comprising a large number of domestic and foreign corporations, seek by bill in equity to enjoin the enforcement of what is commonly known as the “Franchise Tax Law of the State of Texas.” Acts Tex. 1930, 5th Called Sess., e. 68. While the act is assailed on constitutional grounds, the issuance of a preliminary injunction was not insisted on, the parties having by agreement provided for holding in suspense the taxes paid under protest. The matter has accordingly been submitted for final hearing in the District Court, without the necessity for the…