Commercial Fire Insurance v. Board of Revenue
Supreme Court of Alabama
Appeal from the Circuit Court of Montgomery. Tried before the Hon. John P. Hubbard. The proceeding in this case was commenced by a petition filed by the Commercial Eire Insurance Company, addressed to the Board of Revenue of Montgomery County; and sought to have an assessment made by the tax assessor of Montgomery county against the petitioner reduced, by deducting from said assessment, among other items, $51,000.00 of the capital stock of the Commercial Eire Insurance…
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Appeal from the Circuit Court of Montgomery. Tried before the Hon. John P. Hubbard. The proceeding in this case was commenced by a petition filed by the Commercial Eire Insurance Company, addressed to the Board of Revenue of Montgomery County; and sought to have an assessment made by the tax assessor of Montgomery county against the petitioner reduced, by deducting from said assessment, among other items, $51,000.00 of the capital stock of the Commercial Eire Insurance Company, which was invested, as alleged in the petition, in the capital stock of the Bank of Montgomery. The petition was…
1Opinion of the CourtStone, C. J.
The appellant, the Commercial Eire Insurance Company, and the Bank of Montgomery, each of them, is a private corporation under the laws of this State. The capital stock of each of these corporations is one hundred thousand dollars. The purpose of the present proceeding, instituted by the insurance company, is to obtain relief from State and county taxes assessed against its capital stock, to the extent of fifty-one thousand dollars of such capital stock, on the following ground: “That said capital is invested as follows: $51,000 thereof in the capital stock of the Bank of Montgomery, a…
2Cases cited1 opinion
- Semple v. GlennSupreme Court of Alabama · 1890
3Cited by10 opinions
- Robotham v. Prudential Insurance Co. of AmericaNew Jersey Court of Chancery · 1903
- Folts v. Globe Life InsuranceNebraska Supreme Court · 1929
- Southern Building & Loan Ass'n v. Casa Grande Stable Co.Supreme Court of Alabama · 1900
- State v. Guaranty Savings Building & Loan Ass'nSupreme Court of Alabama · 1932
- South Central Bell Telephone Co. v. StateSupreme Court of Alabama · 1999
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