State ex rel. Marshall & Ilsley Bank v. Leuch
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Milwaukee county: J. C. Ludwig, Circuit Judge. This is an action of certiorari brought to reverse the action of the board of review of the city of Milwaukee for the year 1913 in refusing to deduct from the gross valuation of the capital stock of the bank the value of the building in which the bank conducts a branch office and the land on which it stands (said building and land being owned by the bank in fee), as well as the…
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Appeal from a judgment of the circuit court for Milwaukee county: J. C. Ludwig, Circuit Judge. This is an action of certiorari brought to reverse the action of the board of review of the city of Milwaukee for the year 1913 in refusing to deduct from the gross valuation of the capital stock of the bank the value of the building in which the bank conducts a branch office and the land on which it stands (said building and land being owned by the bank in fee), as well as the value of the land on which the main banking house of the bank is situated, which is not owned in fee by the bank but held…
1Opinion of the CourtWiNsnow, C. J.
The question whether the value of the branch office and the land owned by the bank on which it stands should have been deducted from the total valuation of the capital stock of the bank is answered in the affirmative by the decision in the case of State ex rel. Second Ward Sav. Bank v. Leuch, ante, p. 493, 144 N. W. 1119.
As to the land on which the main banking house stands, which is not owned in fee by the bank but held under a ninety-nine year lease, different considerations arise.
The statute says that the assessed value of the building in which the bank maintains its offices'and transacts…
2Cases cited2 opinions
- Merrill Railway & Lighting Co. v. City of MerrillWisconsin Supreme Court · 1903
- State ex rel. Second Ward Savings Bank v. LeuchWisconsin Supreme Court · 1914
3Cited by7 opinions
- McCarthy v. SteinkellnerWisconsin Supreme Court · 1937
- United States National Bank v. Lake Superior Terminal & Transfer Railway Co.Wisconsin Supreme Court · 1920
- Re Taxes Henry A. WhiteHawaii Supreme Court · 1934
- State v. Pioneer Citizens Bank of NevadaNevada Supreme Court · 1969
- In Re Smithfield CityUtah Supreme Court · 1927
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