Knoxville & Ohio R. R. v. Hicks

Freeman, J.,

said:

We place our concurrence as to the first question, upon the ground that this being a public improvement, the Legislature might grant it aid and appropriate money for its use, and releasing taxes in its favor is the same in effect; but we reserve the question as to the power of the Legislature to make such exemptions in favor of private corporations not chartered for the purpose of constructing public improvements.