Commissioners of Beaufort County v. Old Dominion Steamship Co.
Supreme Court of North Carolina
ActioN by itüie Commissioners of Beaufort County against tbe OH Dominion Steamship Company, heard by Judge T. A. McNeill, at December Term, 1900, of the Superior Court of Beaufort County. From a judgment for the defendant, the plaintiffs appealed.
1Opinion of the Court
The defendant having "domesticated" under the Craig Law, the question here presented is, how much of its capital stock should be taxed in this State? Upon the facts agreed, the capital stock of $1,250,000 is all listed for taxation in Delaware. The defendant does business in (559) several States, and the value of its tangible property in this State, and the value of its tangible property in this State, steamers, warehouses, etc., is $62,000, all of which is listed for taxation. It has no separate capital stock as a domesticated corporation, its business and property here being part of the…
2Cases cited8 opinions
- Adams Express Co. v. Ohio State AuditorSupreme Court of the United States · 1897
- Minot v. Philadelphia, Wilmington & Baltimore RailroadSupreme Court of the United States · 1874
- Adams Express Co. v. Ohio State AuditorSupreme Court of the United States · 1897
- Western Union Telegraph Co. v. TaggartSupreme Court of the United States · 1896
- Adams Express Co. v. KentuckySupreme Court of the United States · 1897
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3Cited by1 opinion
- Motsinger v. PerrymanSupreme Court of North Carolina · 1940