First National Bank v. City of Independence
Supreme Court of Iowa
Appeal from Buchanan District Gourt. — Hon. A. S. Blair, Judge. Plaintikk in a national bank at Independence, this state, 'with, a capital stock outstanding in the sum of $100,-000. In April, 1902, tbe city assessor, upon statements furnished him by the bank, and from information otherwise obtained, feed the value of the stock of said bank for assessment purposes at the sum of $180,000. From said sum he deducted the sum of $20,000 as being the value of the real estate owned…
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Appeal from Buchanan District Gourt. — Hon. A. S. Blair, Judge. Plaintikk in a national bank at Independence, this state, 'with, a capital stock outstanding in the sum of $100,-000. In April, 1902, tbe city assessor, upon statements furnished him by the bank, and from information otherwise obtained, feed the value of the stock of said bank for assessment purposes at the sum of $180,000. From said sum he deducted the sum of $20,000 as being the value of the real estate owned by the bank, and entered an assessment against the stockholders for the balance remaining. The bank appeared before the…
1Opinion of the CourtBishop, J.
1. taxation of bank stock. The complaint was made before the board of review by the bank, and the appeal to the district court was taken in the name of the bank. Upon the submission of the case to the trial court it was insisted that ^[16 as such, had no authority to make complaint or to prosecute an appeal from the action of the board, and this for the reason that the assessment was made against the stockholders and not against the bank, and that the latter is not, therefore, the real party in interest. The point is again insisted upon in argument in this court. We think the contention is…
2Cases cited4 opinions
- Van Allen v. AssessorsSupreme Court of the United States · 1866
- Palmer v. McMahonSupreme Court of the United States · 1890
- German American Savings Bank v. Council of BurlingtonSupreme Court of Iowa · 1902
- National State Bank v. Mayor of BurlingtonSupreme Court of Iowa · 1903
3Cited by5 opinions
- In re the Appeal from the Assessment against Sioux City Stock Yards Co.Supreme Court of Iowa · 1910
- Iowa Loan & Trust Co. v. FairweatherDistrict Court, S.D. Iowa · 1918
- Chapman Bros. v. Board of ReviewSupreme Court of Iowa · 1929
- People's Sav. Bank v. LaymanU.S. Circuit Court for the Southern District of Iowa · 1905
- In re the Assessment of the Farmers Loan & Trust Co.Supreme Court of Iowa · 1912