Board of Commissioners v. Blackwell Durham Tobacco Co.
Supreme Court of North Carolina
CONTROVERSY, without action, beard before Hohe, J., at October Term, 1894, of Durham- Superior Court. The case agreed was as follows : “Blackwell’s Durham Tobacco Company” is a corporation, created, organized and existing under and by virtue of the laws of the State of North Carolina, having its location and principal place of business in the county of Durham, in the State of North Carolina.
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CONTROVERSY, without action, beard before Hohe, J., at October Term, 1894, of Durham- Superior Court. The case agreed was as follows : “Blackwell’s Durham Tobacco Company” is a corporation, created, organized and existing under and by virtue of the laws of the State of North Carolina, having its location and principal place of business in the county of Durham, in the State of North Carolina. It has listed for taxation in said county of Durham for the year 1894 real and personal property belonging to the Company of the aggregate assessment valuation of ($509,334.00) Eive Hundred and Nine…
1Opinion of the Court
Clark, J.:
The Act of 1893, Ch. 296, section -39, provides that all corporations therein named “in addition to the other property required by this Act to be listed ” shall pay a tax on its capital stock. As the mode of ascertaining the amount which shall be taxed as capital stock, subsections 3, 4 and 5, provide that the market value, or if no market value, the actual value of the aggregate shares of the company shall be taken as a basis, and from -that sum the amount of the assessed value of its real and personal property, listed for taxation, shall be deducted and the difference if any shall…
2Cases cited8 opinions
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- Belo v. Commissioners of Forsyth CountySupreme Court of North Carolina · 1880
- Buie v. Commissioners of FayettevilleSupreme Court of North Carolina · 1878
- North Carolina Railroad v. Commissioners of AlamanceSupreme Court of North Carolina · 1884
- Wiley v. Commissioners of SalisburySupreme Court of North Carolina · 1892
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3Cited by16 opinions
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- Pullen v. . Corporation CommissionSupreme Court of North Carolina · 1910
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