Rensselaer Semi-Weekly Republican, Volume 19, Number 66, Rensselaer, Jasper County, 26 April 1898 — Running Stock Taxable. [ARTICLE]

Running Stock Taxable.

The supreme court holds that running stock in building and loan associations can lie taxed. The decision will have the effect of placing thousands of dollars on the tax duplicates. The court holds that a person depositing money with a building and loan association with the expectation of having principal returned with interest is certainly a creditor of the association and the certificate of stock ought to be assessed.