SAN GERÓNIMO DEVELOP. CO. v. TREASURER OF PUERTO RICO

No. 4913.

233 F.2d 126 (1956)

SAN GERÓNIMO DEVELOPMENT CO., Inc., Petitioner, Appellant, v. TREASURER OF PUERTO RICO et al., Appellees.

United States Court of Appeals First Circuit.

Decided April 30, 1956.


Attorney(s) appearing for the Case

Nelson Gammans, New York City, for appellant.

Manuel J. Medina Aymat, Asst. Atty. Gen., with whom José Trias Monge, Atty. Gen., of Puerto Rico, was on brief, for appellees.

Before MAGRUDER, Chief Judge, and BIGGS and WOODBURY, Circuit Judges.


MAGRUDER, Chief Judge.

This case involves so-called "property" taxes assessed to appellant San Gerónimo Development Co., Inc., by action of the Treasurer of Puerto Rico on October 26, 1949, covering the tax years 1946-1947, 1947-1948, 1948-1949, and 1949-1950, in the aggregate amount of $27,938.26.

The nature of the property interest held by appellant that was thus subjected to local taxation resulted from a peculiar series of transactions which have...

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