American Transportation Co. v. City of Buffalo
New York Supreme Court
CONTROVERSY submitted without action, pursuant to § 372 of the code. The plaintiff was incorporated and organized as a stock corporation on the 24th of January, 1855, pursuant to the act entitled “An act for the incorporation of companies to navigate the lakes and rivers,” passed April 15, 1854. The capital paid in and secured to be paid was §900,000. Its office and place of business was in the first ward of Buffalo.
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CONTROVERSY submitted without action, pursuant to § 372 of the code. The plaintiff was incorporated and organized as a stock corporation on the 24th of January, 1855, pursuant to the act entitled “An act for the incorporation of companies to navigate the lakes and rivers,” passed April 15, 1854. The capital paid in and secured to be paid was §900,000. Its office and place of business was in the first ward of Buffalo. The board of assessors of the city, on or before the 1st day of May, 1855, made and completed the annual assessment roll for each ward, inserting the name of the plaintiff and…
1Opinion of the Court
By the Court, Marvin, J.
“ All lands and personal estate within this state, whether owned by individuals or corporations, shall be liable to taxation, subject to the exemptions hereinafter specified.” ' (1 R. S. 387, § 1.) All moneyed or stock corporations deriving an income or profit from their capital, or otherwise, shall be liable to taxation on their capital, in the manner hereinafter prescribed.” (1 R. S. 414, § 81.) The assessors are required to enter all incorporated companies, liable to taxation in their respective towns, in the assessment roll, and to specify the amount of the capital…
2Cited by2 opinions
- Zimmerman v. HaferCourt of Appeals of Maryland · 1895
- Johnson Home v. Village of Seneca FallsAppellate Division of the Supreme Court of the State of New York · 1899