Mashburn v. Auto Finance Corp.

Ed. F. McF addin, Justice.

This suit stems from an attempt to collect a tax on the capital stock of the appellee. The question here presented relates to Sec. 1 of Act 262 of 1917, which is now found in § 84-503 Ark. Stats. The appellee insists that this section was held to be unconstitutional in the case of State v. Williams-Echols D. G. Co., 176 Ark. 324, 183 Ark. 1150, 3 S. W. 2d 340. The appellant urges: (a) that the cited case decided only that Sec. 2 of the Act 262 of 1917 was unconstitutional; and (b) that we have never held Sec. 1 of the said Act 262 to be unconstitutional.

The Auto…