Adair v. Miller

This case calls for an interpretation. of section 5884, Gomp. St. 1922, providing for a special rate of taxation for certain properties which are described in the statute as “intangibles.” The enactment (Laws 1921, ch. 133, art. VIII) carried no emergency clause and became a law on July 28,’1921. It provided:

*296“Moneys, gross credits, including corporation shares or stocks, * * * notes, * * * accounts, * * * securities, debentures, bonds, * * * shall be separately listed and shall be taxed on the basis of twenty-five per cent, of the mill rate levied upon tangible property.”

The appellants,…