State v. Praetorians

GARDNER, Justice.

Appellee is a fraternal life insurance company authorized and doing business in Alabama, and by this proceeding the state seeks the collection of what is designated by the parties a license or excise tax attempted to be imposed under the latter provisions of section 8505, Code 1923. As originally enacted (General Acts 1911, page 700, § 30), this statute contained only the exemption feature as follows: “Every fraternal benefit society organized or licensed under this act, is hereby declared to be a charitable and benevolent in stitution, and all of its funds shall he exempt…