Buffalo Refrigerating Machine Co. v. State Board of Assessors

The opinion of the court was delivered by

Swayze, J.

The prosecutor claims exemption from the franchise tax imposed by the state upon the ground that at least fifty, per cent, of its capital stock is invested in manufacturing carried on within the state. The question is one *128of fact. Prior to tbe incorporation, of the Buffalo Refrigerating Machine Company, a copartnership was engaged in erecting and selling refrigerating plants and apparatus at Buffalo* New York. Their only property consisted of patterns, drawings and system of refrigerating and machines for the manufacture of ice. On January…