Citizens' Savings Bank of Owensboro v. Owensboro
Supreme Court of the United States
ERROR TO THE COURT OR APPEALS OF THE STATE OF KENTUCKT. The case was argued witli Nos. 148, 149, 150 and 151, the reports of which follow it.
1Opinion of the Court
Me. Justice "White
delivered the opinion of the court.
The plaintiff,in error, the Citizens’ Savings Bank of Owens-boro, Kentucky, was created, by an act of the general assembly of the State of Kentucky, approved May 12, 1884, with authority to do a general banking business. The. legislative charter provided that the corporation should exist for a period of thirty years from the date of the act, and in section 7 it was provided that on the first day of January in each year the bank should pay “ into the state treasury, for the benefit of revenue proper, fifty cents on each one hundred dollars…
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