Boston, Concord & Montreal Railroad v. State
Supreme Court of New Hampshire
Appeal from the assessment of the plaintiff’s tax of 1880. Facts found by referees.
1Opinion of the CourtDoe, C. J.
Railroad bonds are taxable to their owners as money at interest, and are not exempted by being secured by mortgage or otherwise. And railroads, like other real estate and chattels, are not exempted by their owners’ indebtedness, or by the manner in which that indebtedness is secured. Morrison v. Manchester, 58 N. H. 538, 550, 551, 552; Sawyer v. Nashua, 59 N. H. 404; Fitchburg R. R. v. Prescott, 47 N. H. 62, 69; Taylor v. Secor, 92 U. S. 575, 605. By the act of 1878 (G. L., c. 62, s. 1) and the act of 1881 (c. 53) railroads are taxed “as near as may be in proportion to the taxation of other…
2Cases cited1 opinion
- Taylor v. SecorSupreme Court of the United States · 1876
3Cited by6 opinions
- Opinion of the JusticesSupreme Court of New Hampshire · 1911
- Petition of the Union Five Cents Savings BankSupreme Court of New Hampshire · 1895
- Glidden v. NewportSupreme Court of New Hampshire · 1907
- Somersworth Savings Bank v. SomersworthSupreme Court of New Hampshire · 1895
- Canaan v. Enfield Village Fire DistrictSupreme Court of New Hampshire · 1908
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