Hoenig v. Huntington Nat. Bank of Columbus

HICKENLOOPER, Circuit Judge.

This cause presents for determination the question whether Rev. St. § 5219- as amended (12 USCA § 548) has been violated in respect of the assessment of local taxes upon the shares of stoek of three national banks in the city of Columbus, Ohio, for the years 1926 and 192,7. Such banks are instrumentalities of the federal government, and neither their assets nor the shares of their capital stoek may be subjected to property taxes except by and with the consent of the fefleral government. The applicable condition upon which this consent is given is printed in the…