 It was held that they could be so taxed. MR. JUSTICE NELSON, speaking for this Court, said, at pp. 583, 584 : "But, in addition to this view, the tax on the shares is not a tax on the capital of the bank. The corporation is the legal owner of all the...  Documents Accompanying the Journal ... - Page 1by Michigan. Legislature - 1867Full view - About this book
 | William B. Dana - Commerce - 1866 - 496 pages
...associations. But, in addition to this view, a tax on shares is not a tax on the capital of the banks. Tbe corporation is the legal owner of all the property...real and personal, and within the powers conferred on it by the charter, and for the purposes for which it waft cn-nted, слп deal with the property... | |
 | Commerce - 1866 - 974 pages
...associations. But, in addition to this view, a tax on shares Is not a tax on the capital of the bank?. ТЫ corporation is the legal owner of all the property of the bank, real and personal, and within ibe powere conferred on it by the charter, and for the purposes for which it was created, candeal with... | |
 | Michigan. Constitutional Convention - Constitutional conventions - 1867 - 728 pages
...addition to this view, the tax on the shares is not a tax on the capital of the bank. The corporation ii the legal owner of all the property of the bank, real...within the powers conferred upon it by the charter, anc for the purposes for which it was created can deal with the corporate property as abso lutely as... | |
 | United States. Department of State - United States - 1867 - 630 pages
...exemption, and in an answer to the argument first suggested, it said, " the tax on the share? i - not a tax on the capital of the bank. The corporation is the legal owner of all the property of the bunk, real and personal, and within the powers conferred upon it by the charter and for the purposes... | |
 | United States. Supreme Court - Courts - 1867 - 732 pages
...of the court. the stockholders. "The corporation," says this court, in Van Allen v. The Assessors* "is the legal owner of all the property of the bank, real and personal ; and within the ppwers conferred upon it by the charter, and for the purpose for which it was created, can deal with... | |
 | Michigan. Legislature. Senate - Legislative journals - 1867 - 1016 pages
...addition to this view, the tax on the shares is not a tax on the capital of the bank. The corjyiratiou is the legal owner of all the property of the bank, real and personal; and within tho powers conferred upon it by the charter, and for the purposes ior which it was created, can deal... | |
 | Law - 1885 - 544 pages
...been, and judgment was rendered for the defendant. It is said in Van Allen v. Assessors, 3 Wall. 584, " the corporation is the legal owner of all the property of the bank, both real and personal." In Wilde v. Jenkins, snpra, where a copartnership bought all the property... | |
 | Law reports, digests, etc - 1875 - 788 pages
...Wall. 583, 584, the court say : " But in addition to this view, the tax on the shares is not a tax on the capital of the bank. The corporation is the...absolutely as a private individual can deal with his own. A stikiug exemplification may be seen in the case of the Queen v. Arnoud, 9 Adol. & Ellis NS 806. The... | |
 | William Henry Burroughs - Local taxation - 1877 - 970 pages
...there was no tax on the shares of the State banks.1 Nelson, J. : " The tax on the shares is not a tax on the capital of the bank. The corporation is the legal owner of all property of the bank, real and personal ; and within the powers conferred upon it by the charter, and... | |
 | Isaac Grant Thompson - National banks (U.S.) - 1878 - 1018 pages
...said: "But, in addition to this view, the tax on the shares is not a tax on the capital of the hank. The corporation is the legal owner of all the property...powers conferred upon it by the charter, 'and for the purpose for which it was created, can deal with the coqiorate property as absolutely as a private individual... | |
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