UNITED STATES SUPREME COURT DECISIONS ON-LINE
PICARD V. EAST TENNESSEE, VIRGINIA & GEORGIA R. CO., 130 U. S. 637 (1889)
130 U. S. 637U.S. Supreme Court
Picard v. East Tennessee, Virginia & Georgia R. Co., 130 U.S. 637 (1889)
Picard v. East Tennessee, Virginia and Georgia Railroad Company
No. 246
Argued April 12, 1889
Decided May 73, 1889
130 U.S. 637
APPEAL FROM THE CIRCUIT COURT OF THE UNITED
STATES FOR THE MIDDLE DISTRICT OF TENNESSEE
Syllabus
Legislative immunity from taxation is a personal privilege, not transferable, and not to be extended beyond the immediate grantee unless otherwise so declared in express terms.
Immunity from taxation does not pass to the purchaser at a sale of "the property and franchises of a railroad corporation" to enforce a statutory lien. Morgan v. Louisiana, 93 U. S. 217, on this point affirmed.