41 A. 82 | N.H. | 1898
Prior to the enactment of the Revised Statutes, railroad stock, like bank stock and other dividend paying stocks excepting that of manufacturing corporations, was taxable to the owner in the town in which he resided. Laws 1833, c. 108, ss. 1, 2. If the owner had died, it was taxable to his widow, any of his children, his heirs, or any other person who would consent to be considered in possession of it; and if no one would so consent, it was taxable to his heirs generally. Laws, ed. 1830, p. 556, s. 10. In 1840, provision was made by which *337
selectmen could procure the appointment of administrators upon estates having personal property subject to taxation, if the persons interested in the estates refused or neglected to have administration taken out. Laws 1840, c. 550, s. 2. When there is an administrator, he has the legal title to the personal property of the deceased. Ladd v. Wiggin,
By the Revised Statutes, stocks in all corporations in this state except manufacturing and railroad corporations, if held by an administrator, were taxable to him in the town in which he resided if in the state, and if not, in the town in which the person beneficially interested in them resided. R.S., c. 39, s. 3; Ib., c. 40, s. 12. A special annual tax of one per cent was imposed upon the capital stock of railroad corporations expended within the state, to be assigned and distributed, — one fourth to the towns in which the railroads were located in proportion to the capital stock expended therein for buildings and the right of way; three fourths of the portion received upon stock owned in the state to the towns in which it was owned on the first day of April, in proportion to the ownership; and the remainder to the state. R. S., c. 39, ss. 4, 5, 6; Comm'rs' Rep. R.S., c. 39.
This scheme of taxation, with modifications in certain particulars, has continued to the present time. Laws 1843, c. 34, ss. 2, 3, 4; C.S., c. 41, ss. 4, 5, 6; G.S., c. 57; G.L., c. 62; P.S., c. 64. The provisions of the statutes and the circumstances under which they were enacted show that a town's right to taxes assessed upon property represented by railroad stock depends upon the same conditions as its right to assess taxes upon bank and other kinds of corporate stock. The change made in the statutes in 1843, like that made in 1864 in the statutes relating to the assessment of taxes upon deposits in savings banks (Petition of Savings Bank,
A similar change was made in 1887 in the method of assessing taxes upon the property of fire insurance companies, and the foregoing observations apply equally to this change.
It follows from these considerations, that the recent decision in Kent v. Exeter,
The question remains whether the plaintiffs can recover in this action the money to which they were entitled, but which has been paid to the defendants. The duty of apportioning railroad and insurance taxes to towns is placed upon the state treasurer. R.S., c. 39, s. 5; P.S., c. 64, s. 13; Ib., c. 65, s. 10. The officers of corporations are required to furnish him information concerning the ownership of their stocks. R.S., c. 39, s. 6; P.S., c. 64, s. 5; Ib., c. 65, s. 8. Since 1860, selectmen have been required to take an invoice of the shares of railroad stock owned by inhabitants of their towns, and seasonably to transmit to the state treasurer a statement under oath, giving the names of stockholders and the number of shares owned by each. Laws 1860, c. 2353, s. 2; P.S., c. 57, s. 2; Ib., c. 64, s. 16. If the statements received from these different sources disagree, it is made the duty of the state treasurer to adjust the "discrepancies . . . in such manner as shall be satisfactory to him" (Laws 1860, c. 2353, s. 3), or, in other words, to "determine upon the evidence to what town the shares . . . shall be credited." P.S., c. 64, s. 17. The original act provided that he should make an apportionment to a town upon receiving from the selectmen satisfactory evidence that the stock to which it pertained was owned in the town on the first day of April. R.S., c. 39, s. 5, par. 2. There is no special provision of this kind relating to the apportionment of insurance taxes, but as the apportionment cannot be made without determining the question of ownership of the stock, authority to determine it is implied. In performing the duty, the treasurer acts in a judicial capacity. The question that was before the treasurer in this case in all respects resembled the one that was before the selectmen of Exeter when they assessed the taxes that were under consideration in Kent v. Exeter, supra; and his act in apportioning the taxes to Exeter was equally a judicial act. Edes v. Boardman,
Case discharged.
All concurred.