Albany City Nat. Bank v. Maher

Wallace, D. J.

The complainant moves for an injunction to restrain the defendant from all proceedings to collect a tax assessed against various stockholders of the complainant by the board of assessors of the city of Albany. The statute under which the assessment was made requires every banking association to retain so much of any dividend or dividends; belonging to stockholders, as shall be necessary to pay any taxes assessed in pursuance of the act. The complainant’s bill alleges that its stockholders have been assessed, that none of them have paid the tax, ml that several of them, ovming…