Henley v. Myers
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OF KANSAS. The facts are stated in the opinion. The liability of stockholders for an additional amount equal to the stock'owned by them, although 'statutory, is contractual in its nature, and therefore within the protection of Art. I, §' 10, of the Federal Constitution.
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ERROR TO THE SUPREME COURT OF THE STATE OF KANSAS. The facts are stated in the opinion. The liability of stockholders for an additional amount equal to the stock'owned by them, although 'statutory, is contractual in its nature, and therefore within the protection of Art. I, §' 10, of the Federal Constitution. Whitman- v. Oxford .National Bank, 176 U. S. 559; Woodworth v. Bowles, 61 Kansas, 569. And see also Howell v. Manglesdorf, 33 Kansas, 194, 199; Cooper v. Ives, 62 Kansas, 395, 401; Pine v. Bank, 63 Kansas, 462, 469; Stocker v. Davidson, 74 Kansas, 214, 215; Anglo-American Co. v. Lombard,…
1Opinion of the CourtJustice Harlan
The Federal question to be disposed of on this writ of error arises under the contract clause of the Constitution. The' facts-upon which its decision depends are not in dispute and may be thus summarized:
On the third day of August, 1887, the plaintiffs in error became respectively subscribers to and owners of capital stock in the Consolidated Barb Wire Company, a Kansas corporation, engaged in the business of manufacturing wire. . But on January 15, 1899, they sold and transferred their stock, worth par, in good faith, to responsible parties and thereafter had no interest in the company. The…
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- Funkhouser v. J. B. Preston Co.Supreme Court of the United States · 1933
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