Inhabitants of East Livermore v. Livermore Falls Trust & Banking Co.
Supreme Judicial Court of Maine
On agreed statement. Action of debt to recover a tax assessed against the defendant for the year 1905. This action was duly entered in the Supreme Judicial Court, Androscoggin County, and at the September term thereof, 1906, an agreed statement of facts was filed and the case was sent to the Law Court for determination.
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On agreed statement. Action of debt to recover a tax assessed against the defendant for the year 1905. This action was duly entered in the Supreme Judicial Court, Androscoggin County, and at the September term thereof, 1906, an agreed statement of facts was filed and the case was sent to the Law Court for determination. The "agreed statement” is as follows: "This is an action of debt by the plaintiff town, to recover against the defendant for taxes assessed against the defendant for the year 1905, the sum of six hundred four dollars and twenty cents. "The defendant is a duly organized Trust…
1Opinion of the CourtEmery, C. J.
The Livermore Falls Trust and Banking Company the defendant bank, was located and doing business in East Livermore on April 1, 1905, and all the shares of its capital stock were then taxable, and presumably were taxed, at their "just value” l in some form in some town in this State, at least so far as such taxing would not be double taxation. R. S., ch. 9, sects. 5 and 29. At that date, however, the bank had purchased and then owned as part of its assets certain shares in national banks and in other trust or banking companies located in this State. The tax assessors ¡ of East Livermore that…
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