McAden v. Board of Commissioners
Supreme Court of North Carolina
This was a civil actioN, tried on demurrer, before Montgomery, Judge, at February Term, 1887, of MeckleNburg Superior Court.
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This was a civil actioN, tried on demurrer, before Montgomery, Judge, at February Term, 1887, of MeckleNburg Superior Court. The plaintiff on the first day of June, 1886, being the owner of 200 shares of the capital stock in the Merchants’ and Farmers’ National Bank, and of 132 shares in the First National Bank of Charlotte, both organized and operating under the act of Congress for the formation of national banking associations, at Charlotte, rendered during that month a list of his taxable property, in which 100 shares of such stock were given in at the par value of $100 per share. The…
1Opinion of the Court
Smith, C. J.,
(after stating the facts). The revenue act of 1885, ch. 175, §12, in its enumeration of taxable property, contains this clause, numbered 5 :
“ The amount of solvent credits, including accrued interest uncollected, owing to the party, whether in or out of the State, whether owing by mortgage, bond, note, bill of exchange, certificate, check, open account due and payaable, or whether owing by any State, or government, county, city, town or township, individual, company or corporation. Any certificate of deposit in any bank, whether in or out of the State, and the value of cotton,…
2Cases cited5 opinions
- People v. WeaverSupreme Court of the United States · 1880
- Pelton v. National BankSupreme Court of the United States · 1880
- Hills v. Exchange BankSupreme Court of the United States · 1882
- Hepburn v. The School DirectorsSupreme Court of the United States · 1875
- Adams v. NashvilleSupreme Court of the United States · 1877
3Cited by2 opinions
- Daly Bank & Trust Co. v. Board of County CommissionersMontana Supreme Court · 1905
- Dutton v. Citizens' National BankSupreme Court of Kansas · 1894