Handbook of the Law of Public Corporations

Cover Handbook of the Law of Public Corporations
Handbook of the Law of Public Corporations
Henry H Henry Hulbert Ingersoll
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R.
§ 165) SUBJECTS OF TAXATION. 477 The same principle will apply to railway cars and locomotives. They would be taxable at the company yard or roundhouse.^* And so of other mobilia at the garage, dock, or stable where they are usually kept when not in use. " Notes, Bonds and Choses in Action — Situs of.
Much contention has arisen over the situs of stocks and bonds, franchises, notes, and other choses in action. The gen- eral rule with regard to such classes of personalty is that they are taxab
...le at the owner's domicile, if he be a natural person. ^''' But it has been held that where the owner, a nonresident, habitually leaves such property on deposit in the hands of an A. 518; City of Mobile v. Baldwin, 57 Ala. 61, 29 Am. Rep. 712; Mor- gan V. Parham. 16 Wall. (U. S. ) 471, 21 L. Ed. . 303; City of St. Joseph ex rel. Hannibal & St. J. R. Co. V. Saville. 39 Mo. 460; Perry V. Torrence, 8 Ohio, 521, 32 Am. Dec. 725.
54 Chicago, B. & Q. R. Co. V. Hitchcock Co. , 40 Neb. 781, 59 N. W. 358 • Philadelphia, W.


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