Farmers' & Traders' Bank of Owensboro v. Owensboro

Supreme Court

Farmers' & Traders' Bank of Owensboro v. Owensboro

173 U.S. 663, 43 L. Ed. 850, 19 S. Ct. 875, 1899 U.S. LEXIS 1470

CourtSupreme Court of the United States

DecidedApril 3, 1899

DocketNo. 151

StatusPublished

This text of 173 U.S. 663 (Farmers' & Traders' Bank of Owensboro v. Owensboro) is published on Counsel Stack Legal Research, covering Supreme Court of the United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Farmers' & Traders' Bank of Owensboro v. Owensboro, 173 U.S. 663, 43 L. Ed. 850, 19 S. Ct. 875, 1899 U.S. LEXIS 1470 (1899).

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Opinion

Mr. Justice White

delivered the opinion of the court.

The plaintiff in error was chartered by the legislature of Kentucky in 1876. The charter limited - the taxing power to fifty cents on each one hundred dollars of capital stock, during the life of the corporation, which was fixed at twenty-five years. This suit was commenced by petition asserting the .nullity of certain taxes levied by the city of Owensboro for the years 1893 and 1894. The petition was twice amended. The cause of action alleged was, in every material respect, [664]*664the same as that relied on in the case of Citizens’ Savings Bank of Owensboro v. Owensboro, No. 669, ante, 636. For this reason the opinion in that case disposes of all the issues arising in this, and for the reasons therein given the decree of the Court of Appeals of Kentucky in this case rendered is

Affirmed.

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Mr. Justice White

delivered the opinion of the court.

The plaintiff in error was chartered by the legislature of Kentucky in 1876. The charter limited - the taxing power to fifty cents on each one hundred dollars of capital stock, during the life of the corporation, which was fixed at twenty-five years. This suit was commenced by petition asserting the .nullity of certain taxes levied by the city of Owensboro for the years 1893 and 1894. The petition was twice amended. The cause of action alleged was, in every material respect, [664]*664the same as that relied on in the case of Citizens’ Savings Bank of Owensboro v. Owensboro, No. 669, ante, 636. For this reason the opinion in that case disposes of all the issues arising in this, and for the reasons therein given the decree of the Court of Appeals of Kentucky in this case rendered is

Affirmed.

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173 U.S. 663, 43 L. Ed. 850, 19 S. Ct. 875, 1899 U.S. LEXIS 1470, Counsel Stack Legal Research, https://law.counselstack.com/opinion/farmers-traders-bank-of-owensboro-v-owensboro-scotus-1899.