GEORGE B. RICABY CO. v. NAUTS

Nos. 3170, 3171.

19 F.2d 271 (1926)

GEORGE B. RICABY CO. v. NAUTS, Collector of Internal Revenue.

District Court, N. D. Ohio, W. D.

December 8, 1926.


Attorney(s) appearing for the Case

Tracy, Chapman & Walles, of Toledo, Ohio, for plaintiff.

D. L. Sears, Asst. U. S. Atty., of Toledo, Ohio, for defendant.


KILLITS, District Judge.

The plaintiff is incorporated under the law of Ohio, with its principal place of business in Toledo, with an authorized capital stock of $75,000. Since its organization, September 30, 1918, it has been engaged in business as a general real estate agent and broker, dividing its activities into four departments: Subdivision, brokerage, rental and management, and loans. But 84½ shares of capital stock were subscribed and paid for by five...

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