Greene v. Louisville Railway Co.

Opinion of the Court by

"William Rogers Clay, Commissioner

Affirming.

The only question presented on this appeal is whether ,a corporation which was organized prior to the adoption ■of the present Constitution, and which amends its articles of incorporation for the sole purpose of increasing its capital stock, must pay an organization tax on the original stock as well as on the increase. The question arises in the following way: The Louisville Railway Company was incorporated by an act of the legislature, approved January 22, 1867 (Acts 1867, volume 1, p. 681, and an act approved April 16,1890…