Gulf Refining Co. v. Stone

DISSENTING OPINION.

Smith, O. J.,

delivered a dissenting opinion.

Oil produced (i. e. taken from the earth or water, section 1, Par. i of the statute we are considering) and oil producing machinery are, of course, property. So, also, is oil “under the ground,” as it is a part of the land in which it lies. It is owned, either by the landowner, or separately by another who has been invested with title thereto. Consequently, all of this property must be taxed, under section 112 of our Constitution, if taxed at all, in proportion to its value uniformly and equally with other property. Our statutes…