New York Court of Appeals
The People, Ex Rel. the Twenty-Third Street Railroad Company, Appellant v. the Commissioners of Taxes of the City…
April 15, 188495 N.Y. 554
Summary
The Court affirmed the assessment of the corporation's capital stock, holding that the capital stock must be assessed at its actual value after deducting the assessed value of the corporation's real estate, and that the assessment roll should reflect this method.