People ex rel. Jerome Park Villa Site & Improvement Co. v. Roberts
Appellate Division of the Supreme Court of the State of New York
Certiorari issued out of the Supreme Court and attested on the 9th day of July, 1898, directed to James A. Roberts, as Comptroller of the State of New York, requiring him to certify and return to the office of the clerk of the county of Albany all and singular his proceedings had in assessing a franchise tax against the relator, a domestic corporation, for the year ending October 31, 1897, in the sum of $3,281.25.
1Opinion of the Court
Landon, J.:
The capital stock of the relator, $750,000, was issued for real estate purchased by it between September, 1867, and February, 1873. The relator held this real estate, mainly leasing it for racing purposes, until June, 1895, when it was condemned and appropriated by the city of New York for aqueduct purposes. Thereafter the relator made no use of the property and did no business except such as was incidental to its corporate organization and to the condemnation proceedings. These proceedings resulted in an award made July 17,1896, of $1,011,083.50, which, with interest, was paid…
2Cases cited2 opinions
- People ex rel. Niagara River Hydraulic Co. v. RobertsAppellate Division of the Supreme Court of the State of New York · 1898
- The People v. . the Albany Insurance Co.New York Court of Appeals · 1883