State v. State Board of Assessors

The opinion of the court was delivered by

Van Syckel, J.

The prosecutor claims exemption from liability to pay a yearly tax of one-tenth of one per centum on the amount of its capital stock, in virtue of the proviso contained in section 4 of the act of April 18th, 1884 (Rev. Sup., p. 1017), which reads as follows:

“ Provided, that this act shall not apply to railroad, canal or banking corporations or to savings banks, cemeteries or religious corporations, or purely charitable or educational associations, or manufacturing companies or mining companies carrying on business in this state.”

The…