Chehalis Boom Co. v. Chehalis County

Citations

• 24 Wash. 135
• 63 P. 1123
• 1901 Wash. LEXIS 505

Syllabus

<p>CORPORATIONS-FRANCHISE-WHAT CONSTITUTES.</p> <p>The right given, by statute to form boom companies for the purpos'e of improving floatable streams, operating booms therein, and charging tolls for logs boomed, constitutes a franchise to any company organized and operated thereunder, although the right possessed by such company may not be an exclusive one.</p> <p>TAXATION-CORPORATIONS - EIGHT TO TAX FRANCHISE-NOT AFFECTED BY LICENSE FEES.</p> <p>The annual license fee of ten'dollars imposed by statute upon corporations doing business in this state, is merely an excise upon the right of the corporation to exist and does not supersede the right to tax the franchise of the corporation.</p> <p>SAME-ASSESSMENT-OBJECTIONS TO VALUATION —■ TIME AND PLACE TO URGE.</p> <p>A corporation cannot complain of the' arbitrary valuation placed upon its franchise by the assessor, where it has made no application to the board of equalization for a reduction of the valuation placed upon its personal property.</p>