State v. Georgia Railroad & Banking Co.
Supreme Court of Georgia
Constitutional law. Contracts. Charters. Tax. Before Judge Hopkins. Fulton Superior Court. October Term, 1874. A report of this case unnecessary.
1Opinion of the Court
McCay, Judge.
1. Were this a new question' I should not hesitate to hold that it was not competent for the general assembly of this state to enter into any contract with the corporators of the Georgia Railroad and Banking Company, to exempt the cor-' poration,, permanently, from taxation, nor to fix a limit beyond which the corporation should not be taxed. It is a principle deducible from the nature of legislative bodies that one legislature cannot fix a limit to the legislative power of another and subsequent legislature. This only the people, in their sovereign capacity, can do. This is the…
2Cases cited2 opinions
- New Jersey v. WilsonSupreme Court of the United States · 1812
- Gordon v. Appeal Tax CourtSupreme Court of the United States · 1845
3Cited by13 opinions
- Musgrove v. Georgia Railroad Bkg. Co.Supreme Court of Georgia · 1948
- Gardner v. Georgia Railroad & Banking Co.Supreme Court of Georgia · 1903
- Musgrove v. Georgia Railroad & Banking Co.Supreme Court of Georgia · 1948
- Goldsmith v. Georgia RailroadSupreme Court of Georgia · 1879
- Goldsmith v. Georgia RailroadSupreme Court of Georgia · 1879
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