In re Listing & Assessing Property of Shields Bros.
Supreme Court of Iowa
Appeal from Pottawattamie District Court.— Hon. A. B. Thoknell, Judge. Acting on the assumption that Shields Bros, were the owners as of date January 1, 1903, of a credit item consisting of a land contract, so called, in the amount and value of the sum of $9,650, which credit item had been withheld from assessment and taxation, the treasurer of Pottawattamie county entered on his books an assessment against said firm in said sum.
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Appeal from Pottawattamie District Court.— Hon. A. B. Thoknell, Judge. Acting on the assumption that Shields Bros, were the owners as of date January 1, 1903, of a credit item consisting of a land contract, so called, in the amount and value of the sum of $9,650, which credit item had been withheld from assessment and taxation, the treasurer of Pottawattamie county entered on his books an assessment against said firm in said sum. An appeal to the district court resulted in an affirmance of the assessment, and this appeal followed.—
1Opinion of the CourtBishop, J.
The land contract in question was entered into on June 23, 1902, and was a contract for the sale of a farm situated in Pottawattamie county by Shields Bros, to one J. A. Plynn. It was recited in the contract writing that the said Shields Brtís. “ hereby agree to sell to the second party on the performance of the agreements of the second party as hereinafter, mentioned,” etc.; further, that said Plynn, “ in consideration of the premises hereby agrees to purchase . . . the real estate above described for the sum of $10,150. and to pay said sum therefor to the first party as follows: $500. on…
2Cases cited3 opinions
- Hopwood v. McCauslandSupreme Court of Iowa · 1903
- Logan v. MillerSupreme Court of Iowa · 1898
- Roberts v. First National BankNorth Dakota Supreme Court · 1899
3Cited by26 opinions
- Pugh v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1931
- Akamine & Sons, Ltd. v. American Security BankHawaii Supreme Court · 1968
- Arthur R. Jones Syndicate v. Commissioner of I. RevenueCourt of Appeals for the Seventh Circuit · 1927
- Inghram v. ChandlerSupreme Court of Iowa · 1917
- Peters v. GoodrichSupreme Court of Iowa · 1921
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