Supreme Court of Vermont November 21, 1908 (State v. Rutland Railroad)

Watson, J.

By P. S. 713, for each fiscal year beginning with the first day of January, a tax is assessed upon the property and corporate franchise of each person or corporation owning or operating a railroad located in whole or in part within this State, at the rate of one per cent of the appraised value thereof, payable semi-annually. By see.