Parsons v. East St. Louis Gas Light & Coke Co.
Illinois Supreme Court
Appeal from the Circuit Court of St. Clair county; the Hon. Amos Watts, Judge, presiding. This was a bill in chancery, brought by the trustees and bondholders, to foreclose a deed of trust given by the East St. Louis Gas Light and Coke Company, to secure the payment of certain bonds and interest coupons specified in the deed of trust.
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Appeal from the Circuit Court of St. Clair county; the Hon. Amos Watts, Judge, presiding. This was a bill in chancery, brought by the trustees and bondholders, to foreclose a deed of trust given by the East St. Louis Gas Light and Coke Company, to secure the payment of certain bonds and interest coupons specified in the deed of trust. The latter is dated July 1, 1874, was duly recorded, and embraces all projeerty rights, privileges and assets, qf whatever kind, then possessed or that might be thereafter acquired by the company. The suit was commenced May 6, 1880, and at the September term,…
1Opinion of the CourtChief Justice Sheldon
Taxes assessed on the capital stock of a corporation are a personal property tax. A tax on personal property does not become a lien on any personal property until the tax books ' are delivered into the hands of the collector, and it does not become a lien on real estate until the collector, on failure to collect the tax from personal property, charges the same on such real estate in his application for judgment for delinquent taxes. (Cooper v. Corbin, 105 Ill. 225; Binkert v. Wabash Ry. Co. 98 id. 206; Belleville Nail Co. v. The People, id. 399; Carter v. Rodewald, ante, p. 351.) It does not…
2Cited by9 opinions
- Continental Illinois National Bank & Trust Co. v. ZagelIllinois Supreme Court · 1979
- Distilling & Cattle Feeding Co. v. People ex rel. BarnewoltIllinois Supreme Court · 1896
- People ex rel. Little v. St. Louis Merchants Bridge Co.Illinois Supreme Court · 1919
- Board of Commissioners v. WhittSupreme Court of Colorado · 1923
- In re the StateMichigan Supreme Court · 1885
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