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GULF OIL CORP. v. TAX COMM.

65 A.D.2d 157 (1978)

In the Matter of Gulf Oil Corporation, Petitioner, v. State Tax Commission, Respondent

Appellate Division of the Supreme Court of the State of New York, Third Department.

December 14, 1978

Attorney(s) appearing for the Case

Arthur L. Vangeli (Brent E. Zepke of counsel), for petitioner.

Louis J. Lefkowitz, Attorney-General (Francis V. Dow and Ruth Kessler Toch of counsel), for respondent.

SWEENEY, J. P., KANE, STALEY, JR., and MIKOLL, JJ., concur.

MAIN, J.

On September 18, 1968, the stockholders of petitioner Gulf Oil Corporation, a publicly held, multinational Pennsylvania corporation which has been qualified to do business in New York State since 1936, adopted a resolution amending petitioner's articles of incorporation so as to authorize the issuance of 300 million shares of capital stock without par value...

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