International Life Assurance Society v. Commissioners
New York Supreme Court
THE plaintiffs in the above entitled suits are foreign corporations, or associations organized under acts of parliament of Great Britain, for the purposes of insurance.
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THE plaintiffs in the above entitled suits are foreign corporations, or associations organized under acts of parliament of Great Britain, for the purposes of insurance. By § 15 of chapter 463, Laws of 1853, it is provided that any company organized under the laws of any foreign government, is authorized to do business within this state, by depositing with the comptroller of this state for the benefit of the policy-holders of such company, citizens or residents of the United States, securities of the kind required by the 6th section of that act, for similar companies of this state; and upon…
1Opinion of the Court
By the Court, Davies, P. J.
Taxes are contributions imposed by the government for the support of the state. In all just governments it should be a cardinal principle that such imposition should be equal, and that all the property within the state should contribute its equal share of the burthen imposed. This is upon the principle that as all property, within the state is equally protected by its laws and institutions, so all property within its boundaries should alike equally contribute to their maintenance and enforcement. In this spirit our revised statutes have declared that “ all lands and…
2Cases cited3 opinions
- Weston and Others v. the City Council of CharlestonSupreme Court of the United States · 1829
- People ex rel. Attorney General v. Utica InsuranceNew York Supreme Court · 1818
- Ontario Bank v. BunnellNew York Supreme Court · 1833
3Cited by8 opinions
- Commonwealth v. Standard Oil Co.Supreme Court of Pennsylvania · 1882
- City of St. Louis v. Wiggins Ferry Co.Supreme Court of Missouri · 1867
- Smyth v. International Life Assurance Co.New York Court of Common Pleas · 1868
- People ex rel. Bank of the Commonwealth v. Commissioners of Assessments & TaxesNew York Supreme Court · 1860
- McMahon v. Fowler Bros.New York Supreme Court · 1883
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