Investors' Syndicate v. State

BOULDIN, Justice.

The question here presented is: What was the “actual amount of capital employed in this State” by Investors’ Syndicate, a foreign corporation, for the purpose of fixing the franchise tax for 1932, pursuant to section 232 of the Constitution of Alabama, as further defined by Acts of 1927, page 176, Section 54?

This court has recently considered and carefully defined “capital employed in this State.” Penn Mut. Life Ins. Co. v. State, 223 Ala. 332, 135 So. 346; State v. National Cash Credit Ass’n, 224 Ala. 629, 141 So. 541.

We are not convinced there is any ground for criticism or…