Adams v. Bank of Oxford

Citations

• 78 Miss. 532

Syllabus

<p>1. Constitutional Law. Laws 1890, pp. 8, 9. Constitution 1869, art. 12’ sec. 20. Equal and mvlform taxation.</p> <p>That part of the revenue act approved February 4, 1890 (laws 1890, pp. 8, 9), which provides a distinct scheme for the imposition of ad valorem taxes on banks, is not violative of sec. 20, art. 12, constitution of 1869, requiring taxation to be equal and uniform.</p> <p>2. Same. Classification of property. Constitution 1890, sec. 112.</p> <p>Under the constitution of 1869 the subjects of taxation could be classified at the discretion of the legislature, and if all of the same class were taxed alike there was no violation of the equality and uniformity therein required. The rule is different under constitution 1890, sec. 112. Adams v. Bank, 75 Miss., 701.</p> <p>3. Statutory Construction. Stare decisis.</p> <p>Where rig'hts have been vested under the law. as settled by former decisions of the supreme court, they will not be disturbed, except in case of clear necessity and positive conviction of error, or where the decisions contravene some fundamental rule of public policy.</p>