Lewis, Sec'y of State v. Claussner Hosiery Co.

Opinion op the Court by

Ohiep Justice Dietzman

— Reversing.

The appellee, Claussner Hosiery Company, is a corporation incorporated under the laws of this state with its principal office in McCracken county. It has been incorporated for a number of years, and on September 7,1931, its capitalization consisted of 3,500 shares of preferred stock of the par value of $100 each, and 25,000 shares of common stock of the par value of $10 each, on which the organization tax prescribed by section 4225 of the Kentucky Statutes had been paid. We are informed in the brief of its counsel that prior to the 28th…