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First National Bank v. Adams, 258 U.S. 362 (1922)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
First National Bank v. Adams, 258 U.S. 362 (1922)
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First National Bank of Gulfport, Mississippi v. Adams No. 136 Argued March 2, 1922 Decided April 10, 1922 258 U.S. 362
CERTIORARI TO THE SUPREME COURT
OF THE STATE OF MISSISSIPPI
Syllabus
1. A state tax upon a national bank, based on its capital stock, surplus, undivided profits and other property, is not equivalent to a tax upon the shareholders in respect of their shares, and is invalid under Rev.Stats. § 5219. P. 364.
2. When the validity of an assessment by state officers is challenged here, the court must determine the effect of the thing actually done; what might have been done under the local statute is not controlling. P. 365.
123 Miss. 279, 84 So. 707, reversed.
Certiorari to a judgment sustaining a tax on the petitioner.
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Chicago: U.S. Supreme Court, "Syllabus," First National Bank v. Adams, 258 U.S. 362 (1922) in 258 U.S. 362 258 U.S. 363. Original Sources, accessed November 25, 2024, http://originalsources.com/Document.aspx?DocID=Q33CQU7GVMKJURC.
MLA: U.S. Supreme Court. "Syllabus." First National Bank v. Adams, 258 U.S. 362 (1922), in 258 U.S. 362, page 258 U.S. 363. Original Sources. 25 Nov. 2024. http://originalsources.com/Document.aspx?DocID=Q33CQU7GVMKJURC.
Harvard: U.S. Supreme Court, 'Syllabus' in First National Bank v. Adams, 258 U.S. 362 (1922). cited in 1922, 258 U.S. 362, pp.258 U.S. 363. Original Sources, retrieved 25 November 2024, from http://originalsources.com/Document.aspx?DocID=Q33CQU7GVMKJURC.
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