84 Iowa 610 | Iowa | 1892
The appellant is a corporation duly organized under the laws of Iowa for the business of making and selling loans, with the principal place of business in the city of Oskaloosa, Iowa. On the first of January, 1889, the assessor of the city assessed the appellant on moneys and credits in the sum of one thousand dollars, with the consent and approval of Mr. Phelps, president, who signed and swore to the statement. The board of equalization posted the appellant, as provided by law, raising the assessment from one thousand dollars, as fixed by the
It will be observed that the president of the appellant company did not question the right of the board to assess the company upon one thousand dollars, moneys and credits, and that the appeal to the district court was from the action of the board refusing, to reduce the assessment to that sum. Mr. Phelps testifies that he gave in one thousand dollars and signed the affidavit, but did not notice what it was on; that he made no objection to a one thousand dollar assessment. “I was willing to pay on one thousand dollars at that time, provided we could do so without trouble.” It does not appear that Mr.' Phelps’s consent to an assessment on one thousand dollars, as expressed to the assessor and to the board, was based upon any condition. Having thus consented to an assessment in the sum fixed by the district court, we think it is now too late for the appellant to raise the question of its liability to any assessment; and therefore the judgment of the district court should be affirmed.
