People v. Wall Street Bank
New York Supreme Court
Appeal from an order of the Special Term, directing a reduction of the taxes assessed against the stockholders on tlie capital stock of the Wall Street Bank in the year 1884.
1Opinion of the Court
Davis, P. J.:
By section 312 of the banking laws of the State of New York (Laws of 1882, chap. 409, p. 581) it is enacted that “ the stockholders in every bank or banking association organized under the authority of this State or of the United States shall be assessed and taxed on the value of their shares of stock therein. Said shares shall be included in the valuation of the personal property of such stockholders in the assessment of taxes at the place, city, town or ward where such bank or banking association is located, and not elsewhere, whether the said stockholders reside in said place,…
2Cases cited8 opinions
- Barhyte v. . ShepherdNew York Court of Appeals · 1866
- Bank of the Commonwealth v. . the MayorNew York Court of Appeals · 1870
- People Ex Rel. Mutual Union Telegraph Co v. Commissioners of TaxesNew York Court of Appeals · 1885
- Ontario Bank v. BunnellNew York Supreme Court · 1833
- Smyth v. International Life Assurance Co.New York Court of Common Pleas · 1868
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