Legal Opinion
Elko Lamoille Power Co. v. Commissioner of Int. Rev.
Court of Appeals for the Ninth Circuit
Decided June 15, 1931No. 6399PublishedCited by 21 opinions
1Opinion of the Court
NETERER, District Judge.
The petitioner is a Nevada corporation engaged in power and light business at Elko, Nev. In 1924 a bond issue of $100,000 was authorized; $90,000 was sold, of which $15,-000 was thereafter retired. It later became necessary to secure further funds, and it was concluded to issue preferred stock instead of selling available bonds. In 1925 $80,000 preferred stock, bearing 7 per cent, dividends, payable semiannually, preferred as to income and assets, callable after three years at 110, was authorized. The stoek certificates contained the following provision: “The dividends…
2Cases cited16 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- Gulf Oil Corp. v. LewellynSupreme Court of the United States · 1918
- Heiner v. Colonial Trust Co.Supreme Court of the United States · 1927
- Warren v. KingSupreme Court of the United States · 1883
- Hamlin v. Toledo, St. L. & K. C. R.Court of Appeals for the Sixth Circuit · 1897
11 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Commissioner of Int. Rev. v. Meridian & Thirteenth R. Co.Court of Appeals for the Seventh Circuit · 1942
- Commissioner of Internal Revenue v. OPP Holding Corp.Court of Appeals for the Second Circuit · 1935
- Commissioner of Internal Revenue v. Proctor ShopCourt of Appeals for the Ninth Circuit · 1936
- United States v. Title Guarantee & Trust Co.Court of Appeals for the Sixth Circuit · 1943
- United States v. South Georgia Ry. Co.Court of Appeals for the Fifth Circuit · 1939
16 more not listed; retrieve them via the Exa API.