Taxation—Shares of Stock in Domestic Corporation—Property Out .• of State—Cash Value of Shares Assessable—Power of State. —The state has a right to fix the situs of shares of stock in a . domestic corporation, though its property is situated out of the ■ state, and may assess such shares according to their cash value, . without deduction on account of such outside property.

Id.—Purpose and Construction of Revenue Laws.—It is the purpose - of all revenue laws, as nearly as possible, to impose upon all property its just proportion of taxation, and a construction of the - statute should not be had which will permit shares.- of stock held here - in domestic corporations whose property is located beyond the state to escape their just burden of taxation.

Id.—Purpose op Taxation—Construction op Constitution.—In view of the purpose of taxation, which is to tax citizens for the support of the government that protects them and their property, the provision of section 1 of article XIII of the state constitution, providing that “all property in the state . . . shall be taxed in proportion to its value,” including “stocks,” cannot be construed to mean that “stocks” are not to be taxed when they represent property situated out of the state, since such a construction would be at variance with the ordinary meaning of the words used in that section and would result in unfair taxation of personal assets.

Id.—Double Taxation.—Double taxation in a legal sense does not exist, unless the double tax is levied upon the same property within the same jurisdiction. Where the property owned by a corporation is in another jurisdiction, the assessment of shares of stock therein held by citizens of this state is of property having its situs here, and may be taxed to them without any double taxation under the laws of this state. It is immaterial whether the property of the corporation is or is not taxed in another jurisdiction.