by John Marshall Harlan

Summary

by John Marshall Harlan City of Covington v. Kentucky…

There is no subject over which it is of greater moment for the state to preserve its power than that of taxation. * * * Immunity from taxation, constituting in these cases a part of the contract with the government, is, by the reservation of power such as is contained in the law of 1841, subject to be revoked equally with any other provision of the charter whenever the legislature may deem it expedient for the public interests that the revocation shall be made.
Source: Wikisource

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