Attorney General v. President of the Bank of Newbern
Supreme Court of North Carolina
This was an information filed by the Attorney General, in the Court of Equity for Wake County, on behalf of the State, against the President and Directors of the Bank of Newbern, to recover from the individual stockholders of the said bank, a certain amount of taxes, which it was alleged were due from the said stockholders to the state.
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This was an information filed by the Attorney General, in the Court of Equity for Wake County, on behalf of the State, against the President and Directors of the Bank of Newbern, to recover from the individual stockholders of the said bank, a certain amount of taxes, which it was alleged were due from the said stockholders to the state. The information charged, that by the 11th section of the act of 1814, (Rev. ch. 870,) entitled “ An act to continue in force certain acts concerning the banks of Cape Fear and Newbern, and for other purposes concerning the said banks,” it was provided, “ that…
1Opinion
By the 11th section of the act of 1814, extending the charters of the banks of New Bern and Cape Fear, it is enacted that a tax of one per centum per annum shall be levied on all stock holden in each of the said banks, except on the stock holden by the State, which shall be paid to the Treasurer of the State, by the presidents or cashiers of said banks, on or before 1 October in each and every year. The meaning of the Legislature was that the stock of each individual stockholder should be annually charged with a tax of one per cent. In making up the accounts of the bank for the purpose of…
2Cases cited2 opinions
- Attorney General v. Bank of Cape FearSupreme Court of North Carolina · 1847
- Attorney General v. . Bank of CharlotteSupreme Court of North Carolina · 1858