Hempstead County v. Bank of Hope
Supreme Court of Arkansas
Appeal from Hempstéad Circuit Court. STATEMENT BY THE COURT. This is an appeal from the judgment of the circuit court finding that the assessable property of the Bank of Hope for the year 1901 was of the value of $28,500. The equalization board and the county court had fixed the value of the bank’s property for taxation at $50,000. The bank appealed to the circuit court, where the amount was fixed as mentioned, and the county appeals here, contending that the amount fixed by…
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Appeal from Hempstéad Circuit Court. STATEMENT BY THE COURT. This is an appeal from the judgment of the circuit court finding that the assessable property of the Bank of Hope for the year 1901 was of the value of $28,500. The equalization board and the county court had fixed the value of the bank’s property for taxation at $50,000. The bank appealed to the circuit court, where the amount was fixed as mentioned, and the county appeals here, contending that the amount fixed by the county court was correct. S. R. Oglesby, testified: “I, am cashier of the Bank of Hope, capital stock of which is…
1Opinion of the Court
Wood, J.,
(after stating the facts.) 'The statement filed with the county clerk under section 6020 of Kirby’s Digest showed that the bank had on the first Monday in June, the time required to estimate the assessable value, property valued at $25,627. This was the ¿mount for which the bank should have been assessed. But the testimony of the cashier in explaining a statement made by the Bank of Hope as to the condition of its business on the 1st day of July, 1901, showed that the bank had on hand at that time a surplus of $3,500. The circuit court seems to have taken this and the capital stock…
2Cited by1 opinion
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