...California, and adding thereto a new section, numbered 3610. The sections referred to are as follows : "3608. Shares of stock In corporations possess no intrinsic...value of the property of the corporation which they stanil for and represent; and the assessment and taxation of such shares, and also all the corporate...

...held not repealed, 28 Cal. 254. Special Act of 1866, for Tehama County, construed, 37 Cal. 228. 3608. Shares of stock in corporations possess no intrinsic...the assessment and taxation of such shares and also of the corporate property would bo double taxation. Therefore all property belonging to corporation!}...

...held not repealed, 28 Cal. 254. Special Act of 1866, for Tehama County, construed, 37 Cal. 228. 3608. Shares of stock in corporations possess no intrinsic...the assessment and taxation of such shares and also of the corporate property would be double taxation. Therefore all property belonging to corporations...

...in corporations possess no intrinsic rahie over and above tlio actual value of the property of tho corporation which they stand for and represent, and...the assessment and taxation of such shares and also of the corporate property would bo double taxation. Therefore all property belonging to corporations...

...to be known as section three thousand six hundred and eight, and to read as follows: SECTION 3608. Pa of the corporate property would be double taxation. Therefore, all property belonging to corporations...

...declared to be double taxation: Sec. 3608. 3608. Shares of stock in corporations not taxable. SEO. 3G08. Shares of stock in corporations possess no intrinsic...the assessment and taxation of such shares and also of the corporate property would be double taxation. Therefore all property belonging to corporations...

...legislature of 1881 added a section to the political code declaring that shares of stock possessed no intrinsic value over and above the actual value of the property of the corporation which was assessable and assessed. " To assess growing crops, it was argued, would be to discourage planting...

...declared to be double taxation: Sec. 3608. 3608. Shares of slock in corporations not taxable. SEO. 3G08. Shares of stock in corporations possess no intrinsic value over and above the actual value of tbe property of the corporation which they stand for and represent, and the assessment and taxation...

...— On the same day on which the Legislature enacted § 360S of the Political Code, declaring that shares of stock in corporations possess no intrinsic...and above the actual value of the property of the corlioration which they represent, and prohibiting the taxation of such shares of stock, it repealed...

...the premises, seems to be fortified by Section 3608 of the Political Code, which is in these words : "Shares of stock in corporations possess no intrinsic...the assessment and taxation of such shares, and also 01 the corporate property, would be double taxation. Therefore, all property belonging to corporations...