Louisville, New Orleans & Texas Ry. Co. v. Taylor

Citations

• 68 Miss. 361

Syllabus

<p>1. Taxation. Exemption. Railroads. Charter of L. N. O. Sp T. Ry. Co.</p> <p>The L. N. 0. & T. Ry. Co., formed, by consolidation under legislative act, of the Memphis & Vicksburg R. R. Co. and the M. V. & S. I. R. R. Co. (Laws 1882, p. 1011) is entitled to the exemption from taxation secured by § 21 of the act of July 20, 1870, incoi’porating the Mobile & Northwestern R. R. Co.</p> <p>2. Same. Charter of L. N. O. 8p T. Ry. Co. Out-lying property ;■ when exempt.</p> <p>The exemption from taxation, secured by charter to said company, extends to a short track or spur and steam digger used in reaching and getting gravel for the purpose of repairing its road-bed, although the track and gravel-pit are on land not owned by it, and the track runs out from the line of another railroad.</p>