German Savings Bank v. Trowbridge
Supreme Court of Iowa
Appeal from Garroll District Court.— Hon. Z. A. Church, Judge. Plaintiff, as its name implies, is a corporation doing business as a savings bank at Manning, Carroll county. Tbe capital'stock of the bank is $50,000, and is conceded to be of par value.
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Appeal from Garroll District Court.— Hon. Z. A. Church, Judge. Plaintiff, as its name implies, is a corporation doing business as a savings bank at Manning, Carroll county. Tbe capital'stock of the bank is $50,000, and is conceded to be of par value. In the year 1900 the assessor made and returned an assessment, against the bank as upon its capital stock in the sum of $32,.500. It appears that this was done after a conference with the bank officers, and that the reduction from the par value of the stock was on account of real estate, bank building, and fixtures owned by the bank, and…
1Opinion of the CourtBishop, J.
The capital stock of savings banks organized and doing business under the laws of this State is to be assessed to the bank. Code, section 1322. That the assessment is to be made on the basis of the actual value of the stock, deducting real estate otherwise assessed, and that no further assessment shall be made as for moneys and credits, is clearly the thought of Code, section 1324. Accepting such to be the law, the record before us presents but one question which demands consideration at our hands: Where the capital stock of a savings bank has been listed, and an assessment made by the proper…
2Cases cited3 opinions
- Galusha v. WendtSupreme Court of Iowa · 1901
- Beresheim v. ArndSupreme Court of Iowa · 1902
- Snell v. City of Fort DodgeSupreme Court of Iowa · 1877
3Cited by19 opinions
- Grosvenor v. Supervisor of AssessmentsCourt of Appeals of Maryland · 1974
- Pheasant Lane Realty Trust v. City of NashuaSupreme Court of New Hampshire · 1998
- In Re Assessment of Durant Nat. BankSupreme Court of Oklahoma · 1923
- Tally v. BrownSupreme Court of Iowa · 1910
- Marshall Wells Co. v. Foster CountyNorth Dakota Supreme Court · 1930
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