State v. Hannibal & St. Joseph Railroad

The question presented in this case is, whether certain lands which were granted by the State to the Hannibal and St. Joseph Railroad Company, by the act of the General Assembly of September 20,1852, (R.R. Laws, 115,) were taxable in the county of Livingston for the year 1864, for State and county purposes, under the general revenue law, (Laws of 1868-4, p. 65,) which enumerates as objects of taxation all “shares of stock in banks and other incorporated companies, the property of which alone shall be taxed,” and “ all property owned by incorporated companies, over and above their capital…