Hollingsworth & Whitney Co. v. State

FOSTER, Justice.

The question now to be determined is whether the amount of the franchise tax on a foreign corporation qualified to do business in Alab.ama should be computed on the value of certain items to which reference will be made.

The charter of the corporation specified that its purposes are to manufacture “paper pulp and paper bags and the purchase and sale of paper, paper bags, twine, paper stock, chemicals and such other merchandise as is usually bought and sold in connection with the paper trade.”

The taxpayer proposed to erect and operate a large paper mill in Alabama, and began to…