Nelson v. Watson

(dissenting). — It is clear that the statute in question places no tax on oral contracts. The pertinent portion of the statute, as applying to this case, is quoted in the majority opinion. It shows that the Legislature has provided that a ten-cent stamp shall be affixed to all written obligations to pay money on each $100.00 of the indebtedness or obligation evidenced thereby. Under this' portion of the statute, no stamps need be affixed to the instrument here in. question unless it is either a written obligation to pay money, or a mortgage which incorporates the certificate of indebtedness…