Butte Land & Investment Co. v. Sheehan
Montana Supreme Court
Appeal from District Court, Silver Bow County; John B. McClernan, Judge. Action by the Butte Land & Investment Company against Michael J. Sheehan, county treasurer of Silver Bow county, substituted for Anthony Shovlin, former treasurer of the county. From a judgment for plaintiff, defendant appeals.
1Opinion of the CourtJustice Smith
The plaintiff is a corporation organized and existing under and by virtue of the laws of this state, having an authorized *372capital stock of $200,000, divided into 20,000 shares of a par value of $10 each. It is engaged in a general real estate business. It has never engaged in the banking business, and is not the owner of any of its own capital stock. In 1909 it listed and returned to the assessor of Silver Bow county certain property upon which the assessor placed a cash valuation of $56,760; and in addition thereto he wrote upon the assessment list these words: “Capital stock less real…
2Cited by2 opinions
- State ex rel. Bankers' Trust Co. v. WalkerMontana Supreme Court · 1924
- Tong v. MaherMontana Supreme Court · 1912