Trumbull Steel Co. v. Routzahn

WESTENHAVER, District Judge.

The sole question presented is: What issues of stock by a corporation are subject to the stamp tax imposed by sections 1100 and 1107, schedule A, par. 2, War Rev*1010enue Act approved Nov. 23, 1921 (42 Stat. 227, 301, 303; Supplement 1923 U. S. Comp. Stat. § 6318i, 6318p, schedule A, par. 2).

Prior to August 16, 1920, the Trumbull Steel Company had issued and outstanding 131,681 shares of stock, evidenced by certificates of par value of $100 each. On that date, pursuant to sections 8719L-8722, G. C. of Ohio, the company amended its articles of incorporation, changing the…