Jefferson Branch Bank v. Skelly

Mr. Vinton, of Washington city, for plaintiff in error. In this case the Supreme Court of Ohio adjudged: 1st. That the 60th section of the charter of the State Bank of Ohio was not a contract between the State and the bank, within the meaning, and entitled to the protection, of that clause of the Constitution of the United States which declares that 'no State shall pass any law impairing the obligation of contracts.' 2d. That the act of the General Assembly of Ohio, of the 13th of April, 1852, under which the tax in question was assessed against the bank, was a valid law, and obligatory on the bank, anything in said 60th section of said bank charter to the contrary notwithstanding; and that, consequently, the tax assessed under said act was a valid tax, and the bank was bound to pay the same.