Craig v. Columbus & Greenville Ry. Co.

Section 2, Chapter 121, Laws of 1934, imposes a franchise or excise tax upon corporations of the class in which this appellee falls “equal to $1.00 for each $1,000.00', or fraction thereof, of the value of the capital used, invested or employed in the exercise of any power, privilege or right enjoyed by such organization within this state.” Section 28 thereof provides that “The tax . . . shall become, from the time it is due and payable, a personal debt, from the organization liable to pay the same, to the state of Mississippi. ’ ’

Section 3122, Code of 1930, makes every lawful tax assessed,…