Mugivan Tax 6-30-1930

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Mugivan Tax 6-30-1930 - $1,700,000 Stock Issue May Mean $500,000 Taxes...
$1,700,000 Stock Issue May Mean $500,000 Taxes to Miami County» Peru, Ind., Juno 25--On request of Grant Hosteller, of Peru, auditor of Miami county, the state board held a hearing In Indianapolis Tuesday to determine whether the $1,700,000 stock issue of the American Circus corporation, held by the late Jerry Mugivan, Peru circus king, his wife, Bert Bowers, Peru banket', and other stockholders, .prior to the purchase of the stock by the Ringltng Brothers Cli'- CUB corporation, was subject to taxation in Indiana. '' Auditor Hostetler charged that neither Mugivan nor the other stockholders returned this stock for taxation at any time since it was issued in 1921. If the-' board rules that this stock was subject to taxation in this it may lead to an attempt on part of Miami county to recover more than $500,000 in back taxes, from the Mugivan estate, from widow, from Bowers and from other former stockholders. Albert Ward, former U. S. district attorney of Peru, appeared in behalf of the stockholders at Wednesday's hearing;

Clipped from
  1. The Kokomo Tribune,
  2. 26 Jun 1930, Thu,
  3. Page 16

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  • Mugivan Tax 6-30-1930

    mark124 – 13 Sep 2013

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