Jefferson Lake Sulphur Co. v. United States

HOLMES, Circuit Judge.

The appellant is a New Jersey corporation with its principal place of business in New Orleans, Louisiana. It is the surviving corporation in a merger with the Jefferson Lake Sulphur Company, Inc., a Louisiana corporation. The latter had an authorized capital stock of $5,500,000, divided into 500,000 shares of preferred stock of the par value of $10 each, and 500,000 shares of common stock of the par value of one dollar each; there were issued and outstanding certificates for 114,-032 shares of preferred stock and 34S,246 shares of common stock, not including treasury…