Harvester Building Co. v. Hartley

The opinion of the court was delivered by

Mason, J.:

The taxing officers of Saline county assessed for taxation the capital stock of the Harvester Building Company, a Kansas corporation having its principal place of business in that county, at $14,500. This sum was arrived at by appraising the corporation’s stock at $60,000, which was the amount of its authorized and paid in capital, and deducting therefrom the assessed value of its real estate in the county, $45,500. The company obtained a judgment enjoining the collection of the tax based on this assessment, and the county officers appeal.

It…