42 Iowa 531 | Iowa | 1876
It is however urged that the law of 1862 impairs the obligation of a contract, because as Gay acquired the homestead before that law was passed, and the law being, when acquired, that it could only be sold for taxes accruing thereon this could not be subsequently changed. In this view we do not concur. The cases cited are not in point. They all go only to the extent when the legislature in express terms contracts that certain property shall be exempt from taxation upon a consideration deemed sufficient, such contract cannot be abrogated by a subsequent legislature. There is not even the semblance of a contract here.
Akfirmed.