Tradesmens Bank & Trust Co. v. Cumberland County Board

Quinn, President.

As of the assessing dates for the years 1938 and 1939, petitioner was engaged in the business of a banking corporation under the laws of this state, having its principal place of business in the Borough of Vineland, Cumberland County. Its shares of capital stock were thus assessable at their true value, against the shareholders, at the uniform rate of three-quarters of one per cent, upon' such value, under R. S. 54:9-1 et seq.; N. J. S. A. 54:9-1 et seq. Section 54:9-4 provided, so far as is here material, that the value of each share of common bank stock of each bank shall…