Evanston Electric Illuminating Co. v. Kochersperger

Appellant filed its bill of complaint in the circuit court of Cook county to enjoin the collection of a tax amounting to §774.03, extended upon a . valuation of its capital stock and franchise, made by the State Board of Equalization in 1896. Appellees answered the bill, and upon a hearing it was dismissed for want of equity.

The ground upon which the appellant resists the collection of the tax is, that it is organized purely for the purpose of manufacturing electricity, and is therefore exempted from assessment by the State Board of Equalization under the fourth clause of section 3 of chapter…