National Bank of Louisville v. Stone, Auditor

Syllabus

<p>The assertion in this ease of an irrevocable contract with the State touching the taxation of the plaintiff, arising from the Hewitt Act, is disposed of by the opinion of this court in Citizens' Savings Bank of Owensboro v. Owensboro, 173 U. S. 636.</p> <p>The taxes which it was sought to enjoin in this suit were imposed upon the franchises and property of the bank, and not upon the shares of stock in the names of the shareholders, and were therefore illegal because in violation of the act of Congress.</p>