Jasper County Democrat, Volume 11, Number 29, Rensselaer, Jasper County, 12 September 1908 — Guaranty Law Is Upheld [ARTICLE]

Guaranty Law Is Upheld

Guthrie, Okla.. Sept 11.—In a unanimous opinion the supreme court upheld the vadillty of the depositors guaranty law, denying the injunction prayed by the Noble State bank to restrain the state from levying a 1 per cent as aaasment upon the deposits of the bank. It was contended by the plaintiff bank that the law is unconstitutional In that it levies on and takes private property without consideration.