New Jersey Court of Chancery October 15, 1887 (In re the Taxation of Faure Electric Light & Force Co.)

Bird, V. C.

The statute of 1884 provides for the assessment of certain corporations, and then adds:

“ That all other corporations incorporated under the laws of this state and not hereinbefore provided for, shall pay a yearly license fee or tax of one-tenth of one per centum on' the amount of the capital stock of such corporations ; provided, that this act shall not apply to railway, canal or