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YAZOO AND MISSISSIPPI V. R'Y CO. v. ADAMS

Nos. 355, 356.

180 U.S. 26 (1901)

YAZOO AND MISSISSIPPI VALLEY RAILROAD COMPANY v. ADAMS. SAME v. SAME.

Supreme Court of United States.

Decided January 7, 1901.

Attorney(s) appearing for the Case

Mr. William D. Guthrie and Mr. Edward Mayes for plaintiffs in error. Mr. Noel Gale was on their brief.

Mr. F.A. Critz and Mr. Marcellus Green for defendant in error.

MR. JUSTICE BROWN delivered the opinion of the court.

This case does not differ materially from the one just decided except as to the year for which the taxes were assessed. A joint plea was filed by the defendants setting up a claim to exemption under the charter of the former Louisville Company, which for twenty-five years from March 3, 1882, appropriated all taxes to its construction debts, with a proviso that this appropriation should cease when the profits were...

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