State v. Union Central Life Insurance

Citations

• 8 Idaho 240
• 67 P. 647
• 1902 Ida. LEXIS 6

Syllabus

<p>Constitution ai. Law. — By constitution, section 2, article 7, which, %-fter authorizing the legislature to provide revenue for state purposes by the levy of taxes, also provides that the legislature may impose a license tax upon persons and upon corporations doing business in the state, the license tax so imposed is not restricted to the single purpose of raising revenue for state purposes.</p> <p>Same — License Taxes — Poweb to Levy. — By constitution, article 7, section 6, providing that the legislature shall not levy taxes upon the inhabitants or property in any county, city, town or municipal corporation for county, town or municipal purposes, but it may, by law, vest in the corporate authorities thereof, respectively, power to assess and collect taxes for such purposes, applies only to taxation proper and not to license taxes.</p> <p>Life Insurance Companies — License.—A license authorizing a life insurance company to transact business in this state does not authorize it to engage in the business of loaning money.</p> <p>(Syllabus by the court.)</p>