Merchants State Bank v. County of McHenry
North Dakota Supreme Court
From a judgment of the District Court of McHenry County; Burr, J., canceling the tax and staying its collection, defendants appeal.
1Opinion of the CourtGoss, J.
This is an action to enjoin collection of a tax levied against a state bank upon its shares of capital stock. Cancelation of the tax is sought. The complaint alleges that the bank delivered to the assessor a statement verified by the cashier showing its capital stock, surplus, reserve fund, and undivided profits “in excess of 5 per cent of its loans and discounts,” and the names and residences of its stockholders, together with the number of shares of stock owned by each shareholder. That the assessor “did assess the capital stock of said plaintiff bank in the sum of $é,806; that upon said…
2Cases cited14 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- National Bank v. CommonwealthSupreme Court of the United States · 1870
- Cummings v. National BankSupreme Court of the United States · 1880
- Dodge v. WoolseySupreme Court of the United States · 1856
- Aberdeen Bank v. Chehalis CountySupreme Court of the United States · 1897
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3Cited by6 opinions
- Helms Bakeries v. State Board of EqualizationCalifornia Court of Appeal · 1942
- State ex rel. Linde v. PackardNorth Dakota Supreme Court · 1915
- First National Bank v. KellyNorth Dakota Supreme Court · 1917
- Ward County v. BairdNorth Dakota Supreme Court · 1927
- Banco Popular de Puerto Rico v. Ramírez VegaSupreme Court of Puerto Rico · 1940
1 more not listed; retrieve them via the Exa API.