Norton Naval Construction & Ship Building Co. v. State Board of Assessors

The opinion of the court was delivered by

Scudder, J.

The plaintiff corporation was assessed' m 1887, 1888 and 1889, respectively, under the general clause-of section 4 of the act of April 18th, 1884 (Rev. Sup., p. 1016), a yearly license fee or tax of one-tenth of one per centum on the amount of the capital stock.

The tax was fixed for the first year, 1887, from the amount-of the authorized capital stock of the company, shown by the certificate of organization to be $250,000, at $250. No-return was made, and the tax was rated -by the state board of assessors.

*565Returns were made in 1888 and 1889,…