Page:Memphis & Little Rock Railway Co. v. Berry.pdf/16

 corporation must be ascribed, prohibited the exemption from taxation.

"The prohibition which forbids the legislature from exempting property of railroad corporations from taxation makes it impossible for the legislature to create such a corporation capable in law of acquiring and holding property free from liability to taxation. Louisville & Nashville R. Co. v. Palmes, supra.

The appellant company was not entitled to exemption from taxation. The judgment and decree of the chancery court in dismissing the bill was correct and is affirmed.