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Effective - 27 Feb 1945, see footnotebottom

  X Section 5.  Taxation of railroads. — All railroad corporations in this state, or doing business therein, shall be subject to taxation for state, county, school, municipal and other purposes, on the real and personal property owned or used by them, and on their gross earnings, their net earnings, their franchises and their capital stock.

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Source: Const. of 1875, Art. X, § 5.


---- end of effective   27 Feb 1945 ----

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