Legal Opinion
People ex rel. Terminals & Transporation Corp. of America v. State Tax Commission
Appellate Division of the Supreme Court of the State of New York
Decided March 27, 1930PublishedCited by 1 opinion
1Opinion of the CourtHill, J.
These proceedings involve the recording tax upon two trust mortgages given by the- relator, one to secure first mortgage and collateral trust bonds in an unlimited amount, under which, at the time of recording, $3,500,000 of bonds were issued, which were sold at 90. From the proceeds, $2,256,000 were impounded with the trustee for purposes later mentioned. The other, to secure $1,500,000 of seven per cent ten-year convertible debenture bonds, which were issued and sold at 90. From the proceeds, $187,650 were impounded with the trustee.
The mortgagor paid a tax of $76.12 upon the $3,500,000…
2Cases cited8 opinions
- New Orleans v. StempelSupreme Court of the United States · 1899
- Seymour v. Spring Forest Cemetery Ass'nNew York Court of Appeals · 1895
- People Ex Rel. Twenty-Third Street Railroad v. Commissioners of TaxesNew York Court of Appeals · 1884
- Anthony v. American Glucose Co.New York Court of Appeals · 1895
- Colonial Trust Co. v. Montello Brick WorksCourt of Appeals for the Third Circuit · 1909
3 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In re Overseas Securities Co.Appellate Division of the Supreme Court of the State of New York · 1931