Bank of California v. King County

BOWEN, District Judge.

National banks are instrumentalities of the federal government, and states and counties are without power to tax the personal property'of such banks. 12 U.S.C.A. § 548; Owensboro National Bank v. Owensboro, 173 U.S. 664, 19 S.Ct. 537, 43 L.Ed. 850; Chase National Bank v. Spokane County, 125 Wash. 1, 215 P. 374.

In Aberdeen Savings & Loan Association v. Chase, 157 Wash. 351, at page 372, 289 P. 536, 545, 290 P. 697, 71 A.L.R. 232, the court said: “It is, of coursé, truc that a' state cannot tax a national bank without authority from Congress, and then only strictly…