Warren Scharf Asphalt Paving Co. v. Secretary of State

Michigan Supreme Court
Warren Scharf Asphalt Paving Co. v. Secretary of State, 1 McGrath 1708 (Mich. 1897)
4 Daily L.N. 819

Warren Scharf Asphalt Paving Co. v. Secretary of State

Opinion of the Court

To compel respondent to record certificates of increase of capital stock.

Granted December 7, 1897.

Relator had, from time to time prior to April, 1891, increased ’ its capital stock from $60,000 to $750,000, and in May, 1895, it was increased to $950,000, but no certificates of such increases had been filed. In September, 1897, relator filed the certificates of increase with a recording fee of one dollar, and a franchise fee of one-half of one mill provided for by the Act of 1893, on the last, increase of capital. Respondent insisted upon a franchise fee of one-half of one mill on the prior increases as well, but the court held that the Act of 1893 was not retroactive.

Reference

Full Case Name
WARREN SCHARF ASPHALT PAVING CO. v. SECRETARY OF STATE
Status
Published