Case ID: f_88/html/0986-05.html
Source: Caselaw Access Project
Author: {"author": "TAFT, Circuit Judge.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

DEPOSIT BANK OF FRANKFORT v. STONE et al.
    (Circuit Court, D. Kentucky.
    June 4, 1898.)
    No. 275.
    Frank Chinn, for complainant.
    W. S. Taylor, Atty. Gen., for Samuel H. Stone and others. Ira & W. H. Julian, for city of Frankfort.
    James H. Polsgrove, for county of Franklin.
    Before HARLAN, Circuit Justice, and TAFT and LURTON, Circuit Judges.
   TAFT, Circuit Judge.

In an injunction suit brought by the Deposit Bank of Frankfort against the county' of Franklin, in the Franklin circuit court, to prevent the collection of any taxes under the revenue act of 1892 in excess of those imposed by the Hewitt act (Act Ky. May 17, 1886), it was expressly adjudged on appeal by the court of appeals that the bank had, by its due acceptance of the terms of the Hewitt act, an irrevocable contract of exemption from taxation in excess of that imposed in the Hewitt act, and that the revenue act of 1892 violated this contract. In a similar injunction suit brought by the bank against the city of Frankfort, a decree in all respects similar was entered on the same ground. In accordance with our decision in the case of Bank of Kentucky v. Stone (just decided) 88 Fed. 383, we must therefore grant the motion for a preliminary injunction, and overrule the demurrer to the bill. :