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STUTZ MOTOR CAR CO. OF AMERICA v. UNITED STATES

No. 8937.

17 F.Supp. 742 (1936)

STUTZ MOTOR CAR CO. OF AMERICA, Inc., v. UNITED STATES.

District Court, S. D. Indiana, Indianapolis Division.

July 18, 1936.

Attorney(s) appearing for the Case

John E. Hughes, of Chicago, Ill., and Frank C. Olive, of Indianapolis, Ind., for plaintiff.

Val Nolan, U. S. Atty., of Indianapolis, Ind.

BALTZELL, District Judge.

The Stutz Motor Car Company of America, Inc. (hereinafter referred to as the plaintiff), was incorporated under the laws of New York on June 22, 1916. On the same date plaintiff sold to Allan A. Ryan & Co., for $1,125,000, all of its authorized capital stock consisting of 75,000 shares of common stock, no par value. The money received from this sale was used by plaintiff to purchase all of the capital stock of the Stutz Motor Car Company...

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