Cossar, Sheriff v. Klein

Opinion of the Court by

Chief Justice Clay

— Reversing.

On July 1, 1925, Junius C. Klein, a resident and citizen of Jefferson county, Ky., was the owner of a number of shares of the common and preferred stock of the Standard Sanitary Manufacturing Company, a New Jersey corporation. There were also about 1,713 other residents and citizens of Jefferson county who owned stock in the same company at that time. On July 1, 1925, the Jefferson county tax commissioner assessed this stock to the respective owners at a valuation of $101 per share for the common stock and $114 per share for the preferred…