Holly Springs Savings & Insurance v. Board of Supervisors
Mississippi Supreme Court
Error to the Circuit Court of Marshall County. Hon. OrlaNdo Davis, Judge. This was a proceeding, commenced in the supervisors’ court of Marshall county, against plaintiff in error, where it was adjudged that it was liable and should pay taxes on $32,000 of the capital stock of the company. From this judgment an appeal was taken to the circuit court, which court affirmed the judgment, and the case comes to this court on a writ of error.
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Error to the Circuit Court of Marshall County. Hon. OrlaNdo Davis, Judge. This was a proceeding, commenced in the supervisors’ court of Marshall county, against plaintiff in error, where it was adjudged that it was liable and should pay taxes on $32,000 of the capital stock of the company. From this judgment an appeal was taken to the circuit court, which court affirmed the judgment, and the case comes to this court on a writ of error. On the trial, F. B. Shuford, cashier, testified that the company was organized in 1869, aud had as early as that time bought about $1,000 of non-taxable bonds,…
1Opinion of the CourtChalmers, J.
The Holly Springs Savings and Insurance Company seeks to escape payment of taxation on $32,000 of its capital stock upon the ground that the same was, on 1st of January, 1873, invested wholly in United States treasury notes and bonds, which are non-taxable. By the law then in force taxes, were to be assessed upon all property subject to taxation held by the owner on the 1st day of January preceding the assessment. It seems in the case at bar to have been established, to the satisfaction of the board of supervisors, and of the circuit court on appeal, and to our own satisfaction, that the…
2Cases cited2 opinions
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- Whiting Finance Co. v. HopkinsCalifornia Court of Appeal · 1931
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