Seaboard Air-Line Railway Co. v. Wright

The controlling question in this ease is whether the local school districts of this State are restricted to a levy of five mills for all purposes, or whether a levy may be made upon the taxable property of school districts for the purposes of retiring a bonded indebtedness which has been created for the erection of a schoolhouse, and for the payment of interest on such bond'issue. The Seaboard Air-Line Bailway Company paid the taxes required for the year 1926, except the amount of twelve mills on the dollar which had been levied upon the property of the company in Colbert school district of…