City of Dothan v. First Nat. Bank

WALKER, Circuit Judge.

In July, 1927, the appellee, the First National Bank of Dothan, Ala., filed its original bill in equity, which named as sole defendant the tax collector of Houston county, Ala. That bill alleged that state and county taxes amounting to $3,921.90 assessed against shares of the capital stock of the appellee, and then in the hands of said tax collector for collection, were illegal because they were at a greater rate than was assessed upon other moneyed capital in the hands of individual citizens of the state of Alabama coming into competition with the business of national…