City of Williamsburg v. First National Bank

Opinion op the Court by

Judge Thomas

Reversing.

The three appellees are banking institutions engagel in business in the city of Williamsburg, Kentucky. They seek by this equity action, filed in the Whitley circuit court against the city of Williamsburg, a city of the fourth class, to enjoin defendant from collecting from either of them iu the year 1924, taxes on their shares of stock at any greater rate than 20 cents on the $100.00 of its fair cash value, which was the maximum rate for municipal taxation on such property fixed by chapter 117, page 415, Acts of 1924. It was not alleged in the…