Kvi, Inc. v. Doernbecher

Puget Sound Broadcasting Company, Inc., a Washington corporation, for some years has owned and operated radio station KVI in the city of Tacoma. It owns a tract of land on Vashon island upon which is located its transmitter — its broadcasting studio occupying rented space in Tacoma. It also owns a license, granted by the Federal communications commission, authorizing it to operate a radio station on a radio frequency of 570 kilocycles and to use the call letters KVI.

The capital stock of the corporation consists of 1,250 shares of a par value of one hundred dollars each. During the month of…