Southern Railway Co. v. Fulton County

1. From the agreed statement of facts and other evidence it appears that in September, 1926, when the tax levy in the instant ease was made, there were outstanding warrants issued by Fulton County in the hands of certain Atlanta banks, aggregating approximately $1,500,000. The record is silent as to *253what other debts or liabilities, if any, Fulton County had outstanding at that time. The levy of 20 cents to pay debts would yield approximately one half million dollars, or about one third of the amount of the warrants outstanding in the hands of the banks. Certain warrants were set out as…