Case Name: City of Atlanta et al. v. Bankers Financing Company
Court: Supreme Court of Georgia
Jurisdiction: Georgia
Decision Date: 1908-04-16
Citations: 130 Ga. 534
Docket Number: 
Parties: City of Atlanta et al. v. Bankers Financing Company.
Judges: All the Justices concur.
Reporter: Georgia Reports
Volume: 130
Pages: 534–534

Head Matter:
City of Atlanta et al. v. Bankers Financing Company.
Argued November 23, 1907.
Decided April 16, 1908.
Injunction. Before Judge Ellis. Fulton superior court. October 1, 1907.
J. L. Mayson and W. P. Hill, for plaintiffs in error. .
Dorsey, Brewstey, Howell & Heyman, contra.

Opinion:
Atkinson, J.
Under existing laws of Georgia, shares of stock in those-domestic corporations, such as banks, whose property is required by law to be returned for taxation by the president thereof, are not taxable in the hands of the shareholder. Georgia R. Co. v. Wright, 125 Ga. 589 (54 S. E. 52). It follows that a corporation whose principal office is in the City of Atlanta is not liable to the City of Atlanta for taxes on shares of capital stock which'it holds in other domestic banks.
Judgment affirmed,.
All the Justices concur.