Providence Bank v. Billings
Supreme Court of the United States
THIS was a writ of error to the supreme judicial court of the state of Rhode Island ; and the question which was presented for the consideration of the court, was the constitutionality of an act passed by the legislature of the state of Rhode Island, in January 1822, entitled “ an act imposing a duty upon licensed persons and others, and bodies corporate within this state;” alleged to be a violation of the contract contained in the charter of the bank.
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THIS was a writ of error to the supreme judicial court of the state of Rhode Island ; and the question which was presented for the consideration of the court, was the constitutionality of an act passed by the legislature of the state of Rhode Island, in January 1822, entitled “ an act imposing a duty upon licensed persons and others, and bodies corporate within this state;” alleged to be a violation of the contract contained in the charter of the bank. Under the provisions pf tnis act; and in conformity with them, a tax was imposed on the Providence Bank; and the bank having refused payment…
1Opinion of the CourtChief Justice Marshall
delivered the.opinion of the Court.
This is a writ of error to a judgment rendered in the highest court for the state of Rhode Island,, in an action of trespass brought by the pláintiff in error against the defendant.
In November 1791 the legislature of Rhode Island grant-a charter of incorporation to certain individuals,, who had associated themselves together .for the purpose of forming a banking company. They are'incorporated by the. name of the “ President, Directors, and Company of the Providence Bank;” and have the ordinary powers which are supposed to be necessary for the usual objects…
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