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" All real estate owned by any bank may be taxed as other real estate in the city, village or township where the same may be situated, and the residue of its capital and surplus shall be taxed as personal property, but the assessment thereof for taxation... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 18
by Michigan. Banking Division - 1892
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The Pacific Reporter, Volume 12

1887 - 974 pages
...thereof шау Ъе regulated by the legislature of such state, subject to the restriction that the taxation shall not be at a greater rate than is assessed on other moneyed capital in the hands of individual citizcnsof such stnte, extends and applies to territories...
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