McGowan v. Savannah Mutual Loan Ass'n
Supreme Court of Georgia
Tax. Stock and stockholders. Building and loan associations. Oonstitutional law. Before Judge Adams. Chatham superior court. June term, 1887. Reported in the decision.
1Opinion of the Court
Bleckley, Chief Justice.
The shareholders in this association owned shares to the *516number of six hundred, 194 of which have not been borrowed or advanced upon. The aggregate value of these unadvanced shares is $59,170. The shares advanced upon by way of loans secured by real estate, amount to $94,-977, and the loans secured otherwise than on real estate amount to $28,853. Upon returns to the tax-receiver of Chatham county, made by the president of the association, the receiver assessed the corporation upon the shares not advanced on, estimating them as they were returned at $59,170. This was…
2Cited by4 opinions
- Atlanta National Building & Loan Ass'n v. StewartSupreme Court of Georgia · 1900
- Georgia State B. & L. Ass'n v. Mayor of SavannahSupreme Court of Georgia · 1900
- Mayor of Marietta v. AlexanderSupreme Court of Georgia · 1890
- Georgia State Building & Loan Ass'n v. American Investment & Loan Co.Supreme Court of Georgia · 1897