Abrahams v. Medlicott

The opinion of the court was delivered by

Benson, J.:

The appellant is the owner of stock in The Capitol Building and Loan Association, organized under the laws of this state. This stock is subject to taxation, and a statement of the amount thereof was included as credits in the personal-property statement of the owner made to the assessor for the year 1908. The statement also contained the amount of certain debts to be deducted from such credits. 'The deduction claimed was refused and the taxes were charged on the value of the stock. A tender was made of the amount, of other taxes; the…