Attorney General v. East Boston Co.

This is an information * at the relation of the Treasurer and Receiver General to recover a corporation *451franchise tax from the defendant, a domestic business corporation.

In a return made by it to the tax commissioner April 10, 1912, St. 1909, c. 490, Part III, § 40, under the heading “Notes” the corporation stated as one of its assets the amount of $152,795.79. Of this sum $148,784 was secured by mortgages of real estate situate in the Commonwealth, and it is agreed that the assessed value of this real estate exceeded the value of the notes and they were securities which, if owned by a…