Yazoo & Mississippi Valley Railroad v. Adams
Mississippi Supreme Court
From tlie chancery court of Hinds county, first district. IíoN. HeNey C. OoNN, Chancellor. This was a proceeding to -enforce a lien for taxes for the years 1886-1891, inclusive, on what was formerly the property of the Louisville, New Orleans & Texas Railway Co., in the hands of the appellants, the Yazoo & Mississippi Valley and Illinois Central Railroad Companies.
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From tlie chancery court of Hinds county, first district. IíoN. HeNey C. OoNN, Chancellor. This was a proceeding to -enforce a lien for taxes for the years 1886-1891, inclusive, on what was formerly the property of the Louisville, New Orleans & Texas Railway Co., in the hands of the appellants, the Yazoo & Mississippi Valley and Illinois Central Railroad Companies. The appellee, the state revenue agent, had previously instituted before the state railroad commission a proceeding to have the railroad property which had been the property of the Louisville, New Orleans & Texas Railway Oo.…
1Opinion of the Court
Wit it f if.'ld, I.,
delivered the opinion of the court.
The bill charges that the Illinois Central Railroad Co. is the owner of the majority of the stock and bonds of the Yazoo & Mississippi Valley Railroad Co., and has also a majority of its directors. Practically and substantially, therefore, the Illinois Central Railroad Co. has an actual controlling interest in the Yazoo & Mississippi Valley Railroad Co., and, to all intents and purposes, is in possession of its property. That is the real situation, and it is, through all forms, to the substance that courts look. Besides, it sufficiently…
2Cases cited10 opinions
- Fallbrook Irrigation District v. BradleySupreme Court of the United States · 1896
- The Haytian RepublicSupreme Court of the United States · 1894
- Stanley v. Supervisors of AlbanySupreme Court of the United States · 1887
- Winona & St. Peter Land Co. v. MinnesotaSupreme Court of the United States · 1895
- Palmer v. McMahonSupreme Court of the United States · 1890
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3Cited by4 opinions
- Gulf & Ship Island Railroad v. AdamsMississippi Supreme Court · 1904
- New Orleans, M. & C. R. v. StateMississippi Supreme Court · 1915
- Mississippi Power Co. v. City of LaurelMississippi Supreme Court · 1947
- Power v. RobertsonMississippi Supreme Court · 1922