Roberts v. Am. Natl. Bank of Pensacola

Love, Circuit Judge.

This suit was brought by the appellee, a banking association organized under the National Banking Law of the United States, to enjoin the appellant, the Tax Collector of Escambia County, from collecting a tax levied upon the shares of its stockholders, for the year 1925, payment of which was demanded of the complainant as agent of the holders of such shares. The bill assails the validity of such tax upon three grounds, alleging:

1. That such tax is discriminatory in that other moneyed capital coming in direct competition with complainant and subject to taxation under the…