34 N.Y.S. 269 | N.Y. Sup. Ct. | 1895
The relator was incorporated August 26, 1891, pursuant to chapter 567 of the Laws of 1890,—the business corporations law,—which requires that the location of the principal business office of corporations organized under it shall be stated in the certificate of incorporation. In the certificate it is stated that “the location of its principal office is in the city of New York.”
It is urged that this rule will enable corporations to designate as their principal place of business some town in which taxes are low, and remote from the real place of business of the corporation, and so substantially escape taxation. The statute requires that the certificate shall disclose the location of the principal office of the corporation, which “shall be in the county, town or city in which its business is principally carried on.” The statement of the location of its. principal office or place of business is a condition precedent for the organization of a business corporation, and should it