Coeur D'Alenes Lead Co. v. Kingsbury

Respondent, an Idaho Corporation, with assessable shares, for that reason a reorganization of the Idaho Carbonate Hill Mining Company, a Washington corporation whose shares were not assessable, with sole assets of 500,000 shares of the Atlas Mining Company, likewise an assessable corporation, derived its only revenue from assessments on its shares, which as to the 500,000 shares of the Atlas Mining Company were in turn paid by assessments on its stockholders, and thus respondent raised, during the time involved herein, by seven assessments some $65,000.

Respondent claims in the present action…