Senior v. Braden

January 1, 1932 — tax listing day — § 5328-1, the Ohio General Code1 provided that all investments and other intangible property of persons residing within the State should be subject to taxation. Section 5323 so defined “ investment ” as to include incorporeal rights of a pecuniary nature from which income is or may be derived, including equitable interests in land and rents and royalties divided into shares evidenced by transferable certificates. Section 5638 imposed upon productive investments a tax amounting to five percentum of their income yield; and § 5839 defined “ income yield ” so…