Caldwell County v. First National Bank

Opinion op the Court by

Judge Miller

‘Affirming.

This is an action by Caldwell County, through its Sheriff, under section 4241 of the Kentucky Statutes, to assess for county taxation, the capital stock, surplus, undivided profits, and real estate of the First National Bank, of Princeton, for the years 1911 and 1912, as omitted property.

Section 4092(1) of the Kentucky Statutes imposes an annual tax upon each one hundred dollars of value of the shares of State banks and trust companies, incorporated under the laws of this Commonwealth; while Section 4092(a), in order to determine the value of the…