ATLANTA FED. SAV. & LOAN ASSN. v. SIMMONS

24602.

224 Ga. 483 (1968)

162 S.E.2d 342

ATLANTA FEDERAL SAVINGS & LOAN ASSOCIATION et al. v. SIMMONS, Clerk.

Supreme Court of Georgia.

Decided June 20, 1968.

Rehearing Denied July 16, 1968.


Attorney(s) appearing for the Case

Grant, Spears & Duckworth, William G. Grant, for appellants.

Harold Sheats, John Tye Ferguson, for appellee.

Arthur K. Bolton, Attorney General, William L. Harper, H. Perry Michael, Assistant Attorneys General, Herbert O. Edwards, Robert E. Mozley, George P. Dillard, for parties at interest not parties to record.


GRICE, Justice.

The issue here is whether or not federal savings and loan associations incorporated under the laws of the United States and having their principal offices or places of business in this State and building and loan associations incorporated under the laws of this State are subject to the tax on "long term notes" imposed by the Intangible Property Tax Act of 1953 (Ga. L. 1953, Nov.-Dec. Sess., p. 379).

This issue arose when Atlanta Federal Savings...

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