Case Name: The Ætna Standard Iron and Steel Co. v. Samuel M. Taylor, Sec. of State
Court: Franklin Circuit Court
Jurisdiction: Ohio
Decision Date: 1896-06
Citations: 5 Ohio Cir. Dec. 242
Docket Number: 
Parties: The Ætna Standard Iron and Steel Co. v. Samuel M. Taylor, Sec. of State.
Judges: Shearer, Summers and Wilson, JJ.
Reporter: Ohio Circuit Decisions
Volume: 5
Pages: 242–242

Head Matter:
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.

Opinion:
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. .