Merrill v. Timbrell

The plaintiff is the owner of a judgment recovered against a corporation known as the Iowa International Gold Cure Company. In the present action he alleges that the corporation is wholly insolvent; that he has demanded payment from its proper officers, and asked them to turn out property in satisfaction of the debt, but without avail. He further says that the defendant is a subscriber to $2,500 of the stock of said corporation, upon which he has paid but fifty per cent., and that the remaining fifty per cent. *376is still due, and liable to be appropriated to the payment of the debts of the…