People Ex Rel. Gallatin National Bank v. Commissioners of Taxes & Assessments
New York Court of Appeals
Appeal from order of the General Term of the Supreme Court in the first judicial department affirming the proceedings of the commissioners of taxes and assessments, in the city and county of ¡New York, in assessing the shareholders of the relator, the Gallatin ¡National Bank, upon their stock in said hank, and dismissing a writ of eerbiora/ri brought to review such proceedings.
Read the full summary
Appeal from order of the General Term of the Supreme Court in the first judicial department affirming the proceedings of the commissioners of taxes and assessments, in the city and county of ¡New York, in assessing the shareholders of the relator, the Gallatin ¡National Bank, upon their stock in said hank, and dismissing a writ of eerbiora/ri brought to review such proceedings. (Reported below, 8 Hun, 536.) The said bank was first incorporated under the general banking law of this State. In pursuance of the provisions of chapter 97, Laws of 1865, it was converted into a national bank. The par…
1Opinion of the CourtEarl, J.
The relators complain that the defendants have-assessed the shares in the bank at their actual value instead of their par value, and claim that this mode of assessment is erroneous.
The act of congress in reference to the organization of national banks was passed June 3, 1864. It conferred certain privileges upon the banks to be organized and regulated the mode in which they should do their business and the-terms upon which they should enjoy the important privilege-of issuing and circulating notes. It also provided how State-banks could be converted into national banks, and that the taxation…
2Cases cited2 opinions
- Van Allen v. AssessorsSupreme Court of the United States · 1866
- People Ex Rel. Cunningham v. RoperNew York Court of Appeals · 1866
3Cited by13 opinions
- People Ex Rel. American Exchange National Bank v. PurdyNew York Court of Appeals · 1909
- In re Appraisal of the Estate of VanderbiltAppellate Division of the Supreme Court of the State of New York · 1900
- Pennsylvania RR Co. v. State of NYNew York Court of Appeals · 1962
- Lyford v. State of New YorkCourt of Appeals for the Second Circuit · 1944
- People Ex Rel. Tradesmen's National Bank v. Commissioners of Taxes & AssessmentsNew York Court of Appeals · 1877
8 more not listed; retrieve them via the Exa API.