City of Los Angeles v. Western Union Oil Co.
California Supreme Court
The facts are stated in the opinion of the court. Gibson, Trask, Dunn & Crutcher, Edward E. Bacon, and Henry M. Young, for Appellant. Leslie B. Hewitt, City Attorney, John W. Shenk, City Attorney, and C. B. Penn, Deputy City Attorney, for Respondent.
1Opinion of the Court
THE COURT.
This action was instituted to recover from the defendant $16,654.24 taxes with ten per cent penalty added thereto" for nonpayment thereof and interest. This represented the tax upon defendant’s “franchise to be a corporation” assessed for $1,423,555. The value of this franchise was arrived at by multiplying the amount which the shares of defendant corporation were selling for upon the stock ex change in the city of Los Angeles on the first Monday in March, 1907 ($303 per share), by the total number of shares of the capital stock of the corporation and deducting therefrom the…
2Cases cited12 opinions
- Merrill v. HumphreyMichigan Supreme Court · 1871
- Templeton v. Pierce CountyWashington Supreme Court · 1901
- Crocker v. ScottCalifornia Supreme Court · 1906
- San Jose Gas Co. v. JanuaryCalifornia Supreme Court · 1881
- Bank of California v. City & County of San FranciscoCalifornia Supreme Court · 1904
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3Cited by15 opinions
- Kaiser Co. v. ReidCalifornia Supreme Court · 1947
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- Miller & Lux Inc. v. RichardsonCalifornia Supreme Court · 1920
- Southern California Telephone Co. v. County of Los AngelesCalifornia Court of Appeal · 1941
- Kern River Co. v. County of Los AngelesCalifornia Supreme Court · 1913
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