American Bank & Trust Co. v. Dallas County

I agree with that portion of the majority opinion which grants declaratory relief. I cannot agree, however, that the taxpayers have failed to show themselves entitled to injunctive relief thus allowing the taxing authorities to collect the assessments in question in full. Instead, for reasons below given, I would, by injunction if necessary, prohibit the taxing authorities from collecting so much of the assessments made under the “equity capital formula” as were attributable to those federal government obligations declared to be exempt by the Supreme Court of the United States.

The Supreme…