Bank of Kentucky v. Kentucky

Citations

• 207 U.S. 258
• 28 S. Ct. 82
• 52 L. Ed. 197
• 1907 U.S. LEXIS 1221

Syllabus

<p>A municipal corporation is not necessarily bound by the decree in a suit against another municipality because officers of the State were parties • thereto.</p> <p>The relation of the state board of valuation to the counties and other municipalities is a matter of státe regulation.</p> <p>In Kentucky, neither a sheriff, nor .assessor, nor the board of valuation has control of the fiscal affairs of the county and a judgment against them, does not bind the county.</p> <p>A judgment against a county of Kentucky and the members of the state . board of valuation restraining the collection of taxes of that county as impairing the obligation of a contract created by a law of the State and within the protection’ of the Federal Constitution is not, because such state officers were parties, res jvdicqta as to the validity of taxes imposed by another county, nor is such other coimty privy to the judgment.</p> <p>It is competent for the legislature of a State to change the day that a bank shall report, its property for assessment and to provide that the lien of the assessment shall follow the property in the hands of a vendee.</p>