Georgetown National Bank v. McFarland

The plaintiff in error, a national banking association located in Scott County, Kentucky,, brought suit in the circuit court of that county to enjoin defendants in error, tax officials of the county, from assessing or collecting taxes on the shares of stock of plaintiff in error on the ground that the assessment and tax were at a higher , rate than that assessed on moneyed capital employed in competition with the business of national banks, and hence prohibited by § 5219 of the Revised Statutes of the United States.. Judgment for the plaintiff was reversed by the Court of Appeals of Kentucky.…