Commonwealth v. Licking Valley Building Ass'n
Court of Appeals of Kentucky
Case 103 — Action by Commonwealth against the Licking Valley Building Association, to Recover an Oeganization Tax. APPEAL FROM CAMPBELL CIRCUIT COURT-JOHN T. HODGE, CIRCUIT JUDGE. Judgment for Defendant and Plaintiff Appeals.
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Case 103 — Action by Commonwealth against the Licking Valley Building Association, to Recover an Oeganization Tax. APPEAL FROM CAMPBELL CIRCUIT COURT-JOHN T. HODGE, CIRCUIT JUDGE. Judgment for Defendant and Plaintiff Appeals. We submit that when this corporation reorganized in 1897, it gained a new lease on life for thirty-five years and thereby became a new organization and it would not be on an equal footing with a similar corporation which had become incorporated on the 19th of April, 1897, unless it had complied with all the laws under which it was incorporated, including the! payment of…
1Opinion of the Court
Opinion op the court by
JUDGE HOBSON
Reversing.
On August 5, 1902, the Commonwealth filed this petition ordinary in the Campbell circuit court against the Licking Valley Building Association No. 3, to recover of it the organization tax of one-tenth of 1 per cent, on each $100 of the capital stock of the company, alleging that the association is a corporation created under the laws of this State; that its principal place of business is in the city of Newport, Campbell county; that it has an authorized capital stock of $1,000,000, divided into 1,500 shares of $500 each, and 1,000 half shares of…
2Cases cited1 opinion
- Senn v. LevyCourt of Appeals of Kentucky · 1901
3Cited by8 opinions
- Commonwealth v. Southern Pacific Co.Court of Appeals of Kentucky · 1915
- Ohio Valley Tie Co. v. BrunerCourt of Appeals of Kentucky · 1912
- Louisville Gas & Electric Co. v. BosworthCourt of Appeals of Kentucky · 1916
- English v. CommonwealthCourt of Appeals of Kentucky (pre-1976) · 1926
- Bruner v. Louisville Packing Co.Court of Appeals of Kentucky · 1911
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