Legal Opinion
Alabama Mineral Land Company v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided December 30, 1957No. 16439_1PublishedCited by 10 opinions
1Opinion of the Court
JONES, Circuit Judge.
Six individuals owned the bonds of a $5,000,000 issue of Selma, Rome and Dalton Railroad Company secured by its deed of trust. Through foreclosure the bondholders acquired approximately 361,-000 acres of land situate in fifteen or more counties of Alabama. In 1883 the six former bondholders transferred the lands to the petitioner, Alabama Mineral Land Company, in exchange for its stock. The stock was issued in the same proportion as the bonds had been held. Prior to March 1, 1913, the petitioner had sold about 163,000 acres of land so that on that date it had about…
2Cases cited14 opinions
- Galena Oaks Corporation v. Frank Scofield, Collector of Internal RevenueCourt of Appeals for the Fifth Circuit · 1954
- Snell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Arthur W. Smith and Mrs. Arthur W. Smith v. Charles H. Dunn, Formerly Acting Collector of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
- Farley v. CommissionerUnited States Tax Court · 1946
- Nathan D. Goldberg and S. E. Wood, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
9 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Suburban Realty Company v. United StatesCourt of Appeals for the Fifth Circuit · 1980
- John W. Kelley and Bette C. Kelley v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1960
- Commissioner of Internal Revenue v. Claire Louise Williams, Harold G. Williams v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- Cebrian v. United StatesUnited States Court of Claims · 1960
- Houston Endowment, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1979
5 more not listed; retrieve them via the Exa API.