Howard Savings Institution v. Mayor of Newark
Supreme Court of New Jersey
On certiorari. This writ brings up an assessment of taxes for the year 1898 assessed by the city of Newark against the Howard Savings Institution. The Howard Savings Institution is a savings bank in the city of Newark, incorporated in 1857 by a special act. Pamph. L., p. 219. It has no capital stock.
Read the full summary
On certiorari. This writ brings up an assessment of taxes for the year 1898 assessed by the city of Newark against the Howard Savings Institution. The Howard Savings Institution is a savings bank in the city of Newark, incorporated in 1857 by a special act. Pamph. L., p. 219. It has no capital stock. Among its assets on the day fixed by law for levying the assessment of taxes in the city of Newark, it owned and held in pts possession as a part of its current funds United States notes, commonly called greenbacks, United States treasury notes and United States gold and silver certificates, to…
1Opinion of the Court
The opinion of the court was delivered by
Depue, J.
The only question presented on the record in this case is whether the taxation on the United States notes and certificates mentioned in the state of the case was legal. February 25th, 1862, congress enacted that “ all stock, bonds and other securities of the United States held by individuals, corporations or associations within the United States shall be exempt from taxation by or under state authority.” 12 *68Stat. at L. 346. The General Tax act of 1866 enacted that all real and personal estate within this state, whether owned by individuals or…
2Cases cited6 opinions
- United States v. IshamSupreme Court of the United States · 1873
- Lessee of Ewing v. BurnetSupreme Court of the United States · 1837
- Hammock v. Loan & Trust Co.Supreme Court of the United States · 1882
- Galloway v. Brown's LesseeOhio Supreme Court · 1847
- State ex rel. Pierson v. O'ConnorSupreme Court of New Jersey · 1891
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- State v. BrownNew Jersey Superior Court Appellate Division · 1983
- State v. BurrellSupreme Court of New Jersey · 1938
- State v. Pilot Life InsuranceSupreme Court of South Carolina · 1972
- In Re New York State Realty Terminal Co.New Jersey Superior Court Appellate Division · 1949
- Katz v. Rahway Hosp.New Jersey Superior Court Appellate Division · 1986