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Cases Argued and Decided in the Supreme Court of Mississippi (Volume 67)

Cases Argued and Decided in the Supreme Court of Mississippi (Volume 67)


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: Statement of the case. 8. Bases. Exemption. Act of March 8, 1888. Real estate. Privilege tax. Real estate bought with the funds of a bank was exempt under said act of 188, from ordinary ad valorem taxes, but was part of the assets of the bank to be considered in fixing the basis of its privilege tax. 9. Same. Taxation. Right to hold real estate. Collateral inquiry. In a proceeding to determine the liability of a bank to pay taxes on its real estate, the right of the bank to acquire and hold such real estate will not be considered. From the chancery court of Warren County. Hon. W. R. Trigg, Chancellor. The Vicksburg Bank filed this bill, seeking to enjoin the appellee, the sheriff and tax collector of Warren county, from selling for taxes a lot with the buildings thereon, situated in the city of Vieks- burg. The bill alleges that complainant, in December, 1887, invested a part of its capital stock and assets in the purchase of the said lot aud buildings, occupied by it since in carrying on its banking business; that in 1887 the lot was assessed to its then owner, from whom complainant purchased; that pursuant to the revenue act of 1888 (Laws 1888, pp. 8-20) complainant paid into the state treasury the amount of privilege tax required by said act and received the privilege tax license by law specified for the year 1888, which by the provisions of the act was in lieu of all other taxes, state, county and municipal, upon the shares and assets of said bank; that the board of supervisors were notified of the purchase by the bank, of the payment of the privilege tax, and the exemption claimed by the bank; that the. board of supervisors refused to strike the land from the assessment roll. The bill further alleges that said property was likewise assessed by the city...


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Product Details
  • ISBN-13: 9780217315142
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 332
  • Spine Width: 18 mm
  • Width: 189 mm
  • ISBN-10: 0217315143
  • Publisher Date: 07 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 594 gr


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