Legal Opinion
Tennessee Consolidated Coal Co. v. Commissioner
Court of Appeals for the Sixth Circuit
Decided December 4, 1944No. 9786PublishedCited by 3 opinions
1Opinion of the Court
HAMILTON, Circuit Judge.
Petitioner in 1920, using the device of a deed of trust given as security for the performance of the obligation, issued five hundred $1,000 “Purchase Money First Lien Six Per Cent Sinking Fund Gold Bonds,” redeemable upon any interest day at par and accrued interest, the entire issue maturing in 1940. Annual sinking fund payments to the trustee were required, such payments measured at the rate of five cents per ton of coal actually mined from the property placed in lien, with a minimum guaranteed. The annual sinking fund reserve could be used for the purchase of bonds…
2Cases cited7 opinions
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Helvering v. American Chicle Co.Supreme Court of the United States · 1934
- Wilmington Trust Co. v. HelveringSupreme Court of the United States · 1942
- Dow Chemical Co. v. KavanaghCourt of Appeals for the Sixth Circuit · 1943
- Garland Coal & Mining Co. v. HelveringCourt of Appeals for the D.C. Circuit · 1935
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3Cited by3 opinions
- Central Paper Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1946
- Commissioner of Int. Rev. v. Pittsburgh & WV Ry. Co.Court of Appeals for the Third Circuit · 1949
- A. M. Campau Realty Co. v. United StatesUnited States Court of Claims · 1947