Dolese & Shepard Co. v. O'Connell

The appellant, the Dolese &' Shepard Company, filed its bill to enjoin appellee from the collection of a tax extended against it on a capital stock assessment made by the State Board of Equalization. The bill alleged that appellant is a corporation organized under the laws of Illinois for purely manufacturing and mercantile purposes; that it owns or exercises no franchise except the right to be a corporation; that its authorized capital stock is $2,000,000, of which $1,914,800 has been issued and paid for; that the capital stock and property of the corporation are used in the business of…