Chicago, Burlington & Kansas City Railroad v. Guffey

Citations

• 122 U.S. 561
• 7 S. Ct. 1300
• 30 L. Ed. 1135
• 1887 U.S. LEXIS 2137

Syllabus

<p>It being now conceded that' the taxes in suit refer not only to the branch referred to in the former opinion of the court in this case’, reported in 120 U. S. 569-575, but to the taxes assessed upon that part of the main line which extends from Unionville in Putnam County to the boundary line between Missouri and Iowa, the court now. decides,, oir an application for a rehearing:</p> <p>(1) That it is satisfied with the construction which it lias already given. to the statute of the legislature of Missouri of March 21, 1868:</p> <p>(2) That the statute of that legislature enacted March 24, 1870, as interpreted by the court, in its application to the main line, does not impair the obligation of any contract which the St. Joseph & Iowa-Railroad Company had, by its charter, with the State of Missouri.</p> <p>The statute of Missouri of March 24, 1870 (Art. 2, c. 37, \\ 57 Wagne.r’s Statutes of Missouri, 1872) subjecting to taxation railroads acquired by a foreign corporation by lease, also applies to roads acquired by such corporations by purchase.</p> <p>No question arises in this case under the provision in the charter of the St. Joseph & Iowa Railroad Company which authorizes it to pledge its property and franchises to secure an indebtedness incurred in the construction of its road.</p>