Codman v. United States

FORD, District Judge.

This is a suit for the recovery of capital stock taxes collected from the plaintiffs for the years ending June 30, 1936 and 1937. Exemption from the same is claimed on the ground that the plaintiffs were not doing business, within the meaning of the applicable statutes.

The facts are as follows:

1. The plaintiffs are trustees of the National Dock Trust, hereinafter called the “Trust”, which was created by an indenture dated November 1, 1904 for the purpose of purchasing, improving, and holding real estate heretofore owned by the National Dock 8¿ Storage Warehouse Company,…