Case ID: mcgrath_1/html/1708-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

WARREN SCHARF ASPHALT PAVING CO. vs. SECRETARY OF STATE,
    4 D. L. N., 819.
   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.