Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-03-12

{ so taken might well nave Deen cOnSld
, cred sufficient TO support the assess
Or's valuations, but never the less the
board of review made a sweeping re-
duction on the bank stock assessment
and reduced same from sI25 10000 as
fixed by the assessor to 500, 5000 de
ductiOn of SO, 10000.
The said bank does not now seem to
be satisfied with this deduction, but
asks that further deduction from the
value of the bank stock be made tOthe
amount of IS, 1900.
There is nothing to indicate that the
deduction now claimed of IS, $50. 90
was not included in the deduction
of s25 10000 as fixed by the board
Of review: and furthermore the
records show that the assessment
on the bank stock, as liked by
the board of review was paid by the
bank without objection or protest, and
in my opinion this constitutes vol
nntary payment, and claimant cannot
now be permitted to complain.
Tie record shows that the assess
ment of IS, 5000 against the real es-
tate of said bank was paid under pro-
test. but in my opinion this protest
aVails nothing; it is not the assess
ment against the real estate that is
/ objected to, but the assessment on the
bank stock. because the assessment
was not reduced by further deduc-
/ ton of IS, $50 90; however, as said be-
/ fore, the assessment on the bank stock
/ having been paid voluntarily it is too
/ late to complain now.
I | might also add that the real estate
I described in the claim as filed being
"the east one half of lot l and the
west so feat of lot Is, all in block l,
Northern Chief Iron COmpanys second
addition to Hurley, owned and occu-
pied by the bank for the banking bus
mess, is erroneous, and does not de-
scribe any real estate used by claim
ant or any one else for banking pur-
poses.
/ am of the opinion that this claim
constitutes no legal or equitable claim
against the city OF Hurley, and rec
ommend that same be disallowed.
Respectfully submitted
A. l.. Ruggles
City Attorney.
! City of Hurley, to Iron Exchange
Bank, DR..
! To taxes levied and assessed against
/ the stock of the Iron Exchange Bank
/ for the year 1920 in excess of what
+ should have been assessed by reason
OF the failure to deduct the assessed
/ value of the real estate used by said
I bank ia carrying on its business from
/ the value OF said stock, aud paid by
/ said bank February 3lst, 1921 ,S2ll 90.
/ The basis and foundation of the
above claim against said city is as fol.
/ lows:
That during the year 1920 the Iron
! Exchange Bank was and still is a
/ banking corporation organized under
/ the laws of this state, and during said
/ year was engaged in carrying on and
Conducting a banking business in said
city OF Hurley.
( That in so carrying on and conduct
! ing it's said business the said bank
owned and occupied a building, and
/ the real estate upon which the same
! is situated, described as he east one
half of lot | and west 80 feet of lot IS
all in block | of the Northern Chief
/ Iron Company's second addition to
Hurley, in which said building it
maintained its Office and transacted
it's said banking business.
That in said year 1920 the said build
ing and real estate was assessed to
said bank the assessed value placed
thereon being the sum of S., $50 90 and
the tax levied and assessed thereon
being the sum of S2l1.90, which said
tax was paid January 31st 1921. That
during the year 1920 the assessor of
said city also assessed the shares of
stock of said bank and placed value
thereon of Sl00,000.00 and thereupon
tax Was levied and assessed against
said shares of stock aud the tax so lev
led and assessed was paid by said
bank in January, 1921.
That in assessing the said shares OF
stock and placing SAID value thereon
the said assessor failed and neglected
To deduct from said vane so placed
thereon by him the assessed value OF
the real estate so owned and used by
said bank in conducting its said bank
ing business, as rec uired by law, and
by reason of the failure and neglect
of said assessor to deduct from the
assessed value of such shares of stock
the value OF said rea! estate, the said
bank was obliged 10 pay and did pa!
the sum of S2ll 30 in the way of taxes
in excess of what it legally would have
been called upon To pay if the assess
VI lidu ucdutlcu Tux 6SHc5scu Sdtuc VI
said shares of stock the assessed value
OF the real estate so owned and useC
| by said hank
Wher tore the said bank makes
claim against said city for refund
of the taxes so paid by it in the sun
\ of $2il.9O.
! Iron Exchange Bank
H By ID. G. Owen, Its Cashier
III
\ State of Wisconsin,
| County of Iron
ID. c. Owen being duly sworn says
that he is cashier of The Iron Exchang
/ Bank and makes this verifcation ol
Il its behalf That he has read the fore
/ going statement of claim by said BAN
Il against the city of Hurley, and tina
Il said claim is just, true and correct
Il That said claim has not heretofor
Il been presented to said city and n
II part thereof has been paid.
III q