People ex rel. Commonwealth Insurance v. Coleman
New York Supreme Court
Appeal from special term, Hew York county; Abraham R. Lawrence, Justice. Certiorari by the relator, the Commonwealth Insurance Company of Hew York, against Michael Coleman, Edward C. Donnelly,- and Thomas L. Eeitner, commissioners of taxes for Hew York city and county, to correct an assessment of its capital stock.
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Appeal from special term, Hew York county; Abraham R. Lawrence, Justice. Certiorari by the relator, the Commonwealth Insurance Company of Hew York, against Michael Coleman, Edward C. Donnelly,- and Thomas L. Eeitner, commissioners of taxes for Hew York city and county, to correct an assessment of its capital stock. The assessment complained of was made under the act of 1857, c. 456, § 3, providing that “the capital stock of every company liable to taxation, except such part of it as shall have been excepted in the assessment roll, or as shall have been exempted by law, together with its…
1Opinion of the CourtVan Brunt, P. J.
In the able opinion delivered by the learned justice who heard this case in the court below, the manner in which the tax commissioners may determine the value of the capital stock of a corporation for the purposes of taxation is entirely correctly set forth, and is in accordance with the principles laid down by the court of appeals in the case of People v. Asten, 100 N. Y. 597, 3 N. E. Rep. 788, referred to by him. But there is one point which we think has been overlooked in the consideration of this assessment of the value of the capital stock. It is undoubtedly true that, after an estimate…
2Cases cited1 opinion
- People Ex Rel. Butchers' Hide & Melting Co. v. AstenNew York Court of Appeals · 1885
3Cited by1 opinion
- People ex rel. Second Avenue Railroad v. BarkerNew York Supreme Court · 1893