North Carolina Railroad v. Commissioners of Alamance
Supreme Court of North Carolina
Civil Action tried at Spring Term, 1884, of Alamance Superior Court, before McKoy, J. This action was begun by petition of plaintiff company to defendant commissioners to strike from the tax-list of 1883 the assessment on shares of stock held by non-resident stockholders in plaintiff corporation.
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Civil Action tried at Spring Term, 1884, of Alamance Superior Court, before McKoy, J. This action was begun by petition of plaintiff company to defendant commissioners to strike from the tax-list of 1883 the assessment on shares of stock held by non-resident stockholders in plaintiff corporation. The petition was denied, and the plaintiff appealed, and upon the hearing the following facts, by consent, were found by the court below: 1. That plaintiff is a corporation, &c., and its capital stock is four million dollars, divided into shares of one hundred dollars each. 2. That the shares upon…
1Opinion of the CourtSmith, C. J.
Among the several paragraphs in section 8, chapter 117 of the acts of 1881, enumerating the several subjects of taxation, is the following:
6. Shares in national, state and private banks, railroad, telegraph, canal, bridge or other incorporated or joint stock association, with their true value, and the cashier of each bank or banking association (whether state or national) shall give in to the list-taker for the township in which such bank or banking association is situated, all shares of stock composing their corporation, as agent for and in the name of the owners of said shares of stock, who…
2Cases cited14 opinions
- National Bank v. CommonwealthSupreme Court of the United States · 1870
- Minot v. Philadelphia, Wilmington & Baltimore RailroadSupreme Court of the United States · 1874
- Case of the State Tax on Foreign-Held Bonds. Railroad Company v. PennsylvaniaSupreme Court of the United States · 1873
- Kirtland v. HotchkissSupreme Court of the United States · 1879
- Tappan v. Merchants' National BankSupreme Court of the United States · 1874
9 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Person v. . WattsSupreme Court of North Carolina · 1922
- Person v. Board of State Tax CommissionersSupreme Court of North Carolina · 1922
- Pullen v. . Corporation CommissionSupreme Court of North Carolina · 1910
- Board of Commissioners v. Blackwell Durham Tobacco Co.Supreme Court of North Carolina · 1895
- Williams v. . JohnstonSupreme Court of North Carolina · 1886
6 more not listed; retrieve them via the Exa API.