Detroit City Street Railway Co. v. Guthard

The plaintiff in these suits respectively is incorporated under “ An act to provide for the construction of train railways,”-approved February 13, 1855. Comp. L. p. 818. The twenty-second section of that act provided .that

“Each and every railway company formed under this act shall pay to the treasurer of the State of Michigan an .annual tax, at the rate of one half of one per cent, on the whole amount of capital paid in upon the capital stock of •said company; which said tax shall be estimated upon the last preceding report of said company, and shall be paid to the said treasurer on the first…