People ex rel. Lincoln v. Assessors of Barton
New York Supreme Court
THE relator is a stockholder in the E-irst National Bank of Waverly, N. Y. The capital stock of the hank consists wholly of United States bonds,'issued under the act of congress, passed February 25,1862. The defendants assessed the relator for the shares owned by him of the capital stock of the hank.
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THE relator is a stockholder in the E-irst National Bank of Waverly, N. Y. The capital stock of the hank consists wholly of United States bonds,'issued under the act of congress, passed February 25,1862. The defendants assessed the relator for the shares owned by him of the capital stock of the hank. They declined to strike said assessment from the roll, claiming that the property is taxable under the laws of the state, passed in March, 1865. This motion is for a peremptory mandamus to the defendants, directing .them to cancel the assessment so made.
1Opinion of the CourtParker, J.
The relator is the owner of thirty shares in a banking association, organized under the laws of the United States, and known as The First National Bank of Waverly, located at the village of Waverly in the town of Barton, in the county of Tioga; the whole of whose capital is invested in the bonds of the United States, issued under the act of congress, passed February 25, 1862.
The assessors of the town of Barton, pursuant to the 10th section of the act of the legislature of this state, entitled “An act enabling the banks of this state to become associations for the purpose of banking under the…
2Cases cited4 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Weston and Others v. the City Council of CharlestonSupreme Court of the United States · 1829
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