St. Louis, I. M. & S. Railway v. Loftin
Supreme Court of Arkansas
APPEAL from Jackson Circuit Court in Chancery. Hon. William Byers, Circuit Judge. Mayor of Baltimore v. Baltimore & Ohio R. R., 6 Gill, 288. Rome R. R. v. Mayor of Rome, 14 Ga., 375, to show property part of capital stock. Legislation establishing a certain rate of taxation excludes a different rule. Lands cannot be taxed when stock is exempt. Augusta v. Ga. R. R. & B. Co., 26 Ga., 661. Capital stock includes all property, real and personal.
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APPEAL from Jackson Circuit Court in Chancery. Hon. William Byers, Circuit Judge. Mayor of Baltimore v. Baltimore & Ohio R. R., 6 Gill, 288. Rome R. R. v. Mayor of Rome, 14 Ga., 375, to show property part of capital stock. Legislation establishing a certain rate of taxation excludes a different rule. Lands cannot be taxed when stock is exempt. Augusta v. Ga. R. R. & B. Co., 26 Ga., 661. Capital stock includes all property, real and personal. New Haven v. CMy Bank, 31 Conn., 106. The courts incline against double taxes. Osburne v. New York R. R. Co., 48 Conn., 491. Capital stock represents and…
1Opinion of the Court
Walker, J.:
The plaintiff, a corporation, organized and chartered under an act of incorporation passed by the General Assembly of the State of Arkansas, brought suit in the Jackson Circuit Court against John R. Loftin, to enjoin him as collector of taxes in said county, from the collection of the taxes assessed and levied upon the lands of plaintiff, which were granted by the United States to the.State of Arkansas, to aid in making the Cairo and Fulton railroad, and by the State granted to said company, and which by acts of consolidation became, and are now the property of plaintiff.
It is…
2Cases cited6 opinions
- Milwaukee & St. Paul Railway Co. v. City of MilwaukeeWisconsin Supreme Court · 1874
- Vermont Central Railroad v. Town of BurlingtonSupreme Court of Vermont · 1855
- State ex rel. Pacific Railroad v. DulleSupreme Court of Missouri · 1871
- City of St. Joseph v. Hannibal & St. Joseph RailroadSupreme Court of Missouri · 1867
- Town of New Haven v. City BankSupreme Court of Connecticut · 1862
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3Cited by4 opinions
- Brodie v. FitzgeraldSupreme Court of Arkansas · 1893
- McConnell v. Arkansas Brick & Manufacturing Co.Supreme Court of Arkansas · 1902
- State ex rel. Citizens Bank of Louisiana v. Board of AssessorsSupreme Court of Louisiana · 1895
- McConnell v. Arkansas Brick & Manufacturing Co.Supreme Court of Arkansas · 1902