Arimex Consolidated Copper Co. v. State Board of Assessors

The opinion of the court was delivered by

Dixon, J.

In the year 1900 the state board of assessors assessed the franchise tax of the prosecutor, under the Corporation Tax act of April 18th, 1894 (Gen. Siat., p. 3335), at $4,000, being the proper percentage on $5,000,000 of stock, which an agent of the company reported as issued and outstanding. The company paid the tax. Afterwards the officers of the company learned at what figure the agent had reported the outstanding capital, and, as'in truth the outstanding capital was only $2,500,000, a writ of certiorari was obtained to reduce the tax to…