Case ID: ohio-cir-dec_5/html/0242-01.html
Source: Caselaw Access Project
Author: {"author": "Shearer, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

FRANCHISE TAXES.
    [Franklin Circuit Court,
    June, 1896.]
    Shearer, Summers and Wilson, JJ.
    The Ætna Standard Iron and Steel Co. v. Samuel M. Taylor, Sec. of State.
    
      Hard Law not Unconstitutional.
    
   Shearer, J.

Judgment affirmed for the reasons stated in the opinion of PüGH, Judge [1 O. L. D., 180], and the further reason that, in the opinion of this court, the Hard law requires the charge under it to be based upon the proportion of the authorized capital stock represented by property owned and used in Ohio All the property of this company being within Ohio and its authorized capital stock being $5,000,000, the secretary of state was right in fixing the fee at $5,000. .