Commissioners v. . Tobacco Co.

Laws 1893, ch. 296, sec. 39, provides that all corporations therein named, "in addition to the other property required by this act to be listed" shall pay a tax on its capital stock. As the mode of ascertaining the amount which shall be taxed as capital stock, sub-sections 3, 4 and 5, provide that the market value, or if no market value, the actual value of the aggregate shares of the company shall be taken as a basis, and from that sum the amount of the assessed value of its real and personal property, listed for taxation, shall be deducted and the difference, if any, shall be taxed as…