Mayor of Macon v. Macon Savings Bank

Jackson, Judge.

The city of Macon imposed a tax of $150.00 per annum upon all persons and banking corporations carrying on the *134business of banking within that city. The Macon Savings Bank denied the right of the city to tax its business. Its capital or stock is taxed as other capital or property in the city — or, rather, the shares of its stockholders is — and it claims that the city cannot tax it for carrying on the business of banking. Hence it filed a bill praying for an injunction against an execution levied to collect the tax of 1877; the chancellor granted an interlocutory order…