Houston Belt & Terminal Ry. Co. v. Clark

BLAIR, Justice.

This appeal involves the construction of Art. 7084, R.S.192S, as amended in 1931", Vernon’s Ann.Civ.St. Art. 7084, and particularly Subdivision (C) thereof. Subdivision (A) provides that, “except as herein provided, every domestic and foreign corporation * * * chartered or authorized to do business in Texas, shall * * * pay * * * a franchise tax,” and provides the method of determining the-amount of the tax. Subdivision (C) reads as follows: “Provided, however, that this Act shall not apply to corporations organized as terminal companies not organized for profit, and having no…