Vicksburg Bank v. Worrell
Mississippi Supreme Court
From the chancery court of Warren County. Hon. W. R. Trigg, Chancellor. The Vicksburg Bank filed this bill, seeking to enjoin the appellee, the sheriff and tax collector of Warren county, from selling for taxes a lot with the buildings thereon, situated in the city of Vicksburg.
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From the chancery court of Warren County. Hon. W. R. Trigg, Chancellor. The Vicksburg Bank filed this bill, seeking to enjoin the appellee, the sheriff and tax collector of Warren county, from selling for taxes a lot with the buildings thereon, situated in the city of Vicksburg. The bill alleges that complainant, in December, 1887, invested a part of its capital stock and assets in the purchase of the said lot and buildings, occupied by it since in carrying on its banking business; that in 1887 the lot was assessed to its then owner, from whom complainant purchased ; that pursuant to the…
1Opinion of the CourtCampbell, J.
This case presents questions as to the validity and interpretation of that part of the act to amend §§ 557 and 585 of the code of 1880, so as to increase the public revenue, approved March 8, 1888, which relates to banks. It provides for a privilege tax to *57be paid by banks, and varies the amount with reference to the “capital stock or assets,” and declares that “the privilege taxes imposed upon and paid by such banks * * * shall be in lieu of all other taxes, state, county, and municipal, upon the shares and assets of said banks.”
The act is assailed as being violative of the constitution of…
2Cases cited1 opinion
- Mississippi Mills v. CookMississippi Supreme Court · 1878
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- Adams v. Mississippi State BankMississippi Supreme Court · 1898
- State Ex Rel. Knox v. Gulf, M. & N., R.Mississippi Supreme Court · 1925
- Adams v. KuykendallMississippi Supreme Court · 1903
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