Price v. Grand Rapids & Indiana Railroad

The complaint alleges that Price, who was the defendant, on the 1st of October, 1854, subscribed and promised to pay for forty shares of the capital stock of said company, in such manner and at such times as the directors might require; and that the directors did require the payment for said stock to be made by installments of 10 per cent, a month, commencing on the 1st of March, 1855; of which requisition the defendant has had due notice, but has neglected and absolutely refused to-pay the same, although six installments were due at the commencement of this suit, amounting to 600 dollars,…