State, Union Waxed & Parchment Paper Co. v. State Board of Assessors

The opinion of the court was delivered by

Fort, J.

The writ in this case brings up assessments for the years 1901, 190.2 and 1903 against the prosecutor. The assessments were made by the state board of assessors upon the capital stock of the prosecutor, by way of a franchise tax, pursuant to statute.

The first ground of objection to the assessment is that the. prosecutor is entitled to exemption from the entire tax laid in each of,the years in question because it is a manufacturing company having at least one-half of its capital stock, issued and outstanding, invested in manufacturing carried on…