Touart v. American Cyanamid Co.

GARDNER, Chief Justice.

The American Cyanamid Company filed the . bill in this cause against the Tax Assessor of Mobile County seeking a del claratory judgment to the effect that the extensions, additions and betterments of its plant, exceeding in cost $50,000.00, within a period of one year, were exempt from taxation by virtue of the provisions of section 6 in connection with section 10, Title 51, Code of 1940, and that such exemption is to continue for ten years.

Upon pleadings and proof for final decree, the chancellor granted a declaratory decree in accordance with the prayer for relief,…