Security Savings Bank v. Board of Review
Supreme Court of Iowa
Appeal from Blaclchaiolc District Court. — H. B. Boies, Judge. In tbe district court, this was an appeal from the board of review of the city of Waterloo. The question involved pertained to the assessment of the shares of stock of the plaintiff bank.
Read the full summary
Appeal from Blaclchaiolc District Court. — H. B. Boies, Judge. In tbe district court, this was an appeal from the board of review of the city of Waterloo. The question involved pertained to the assessment of the shares of stock of the plaintiff bank. Such question is Avhether, in fixing the' value of the shares of stock of plaintiff’s bank for the purpose of assessment, the assessor should deduct from the amount of the moneyed capital, including surplus and undivided earnings, the amount of such capital actually invested by the bank in real estate, as provided by Section 1322 of the…
1Opinion of the CourtEvans, J.
i taxation • shares oY bank stock: real estate deduction. To put the question concretely, the plaintiff bank had a total moneyed capital, including capital stock, surplus, and undivided earnings, of $127,720. The amount^ moneye<l capital actually invested in • real estate (mostly in Waterloo) Avas $67,-5 _ \ 886. The assessed value of this real estate !; was $40,260.,, These facts are not in dispute, j The plaintiff bank furnished to the assessor the verified statement required by Section 1322, which shoAved a total actual value of capital, over and above the amount invested in real estate,…
2Cases cited5 opinions
- Home Savings Bank v. City of Des MoinesSupreme Court of the United States · 1907
- Bank of California, National Ass'n v. RichardsonSupreme Court of the United States · 1919
- First National Bank v. HayesSupreme Court of Iowa · 1919
- First National Bank v. City Council of EsthervilleSupreme Court of Iowa · 1911
- Valley Investment Co. v. Board of ReviewSupreme Court of Iowa · 1911
3Cited by11 opinions
- Independent School District of Cedar Rapids v. Iowa Employment Security CommissionSupreme Court of Iowa · 1946
- Des Moines National Bank v. FairweatherSupreme Court of Iowa · 1921
- Langhout v. First National Bank of RemsenSupreme Court of Iowa · 1921
- Edwards & Browne Coal Co. v. City of SiouxSupreme Court of Iowa · 1932
- Ranchmen's Trust Co. v. DuncanSupreme Court of Kansas · 1923
6 more not listed; retrieve them via the Exa API.