Hannibal, Ralls County & Paris Plank Road Co. v. Menefee

This corporation was organized under the act “ to authorize the formation of associations to construct plank roads and macadamized roads,” approved February 27, 1851. (Sess. Acts, 1851, p. 259.) The original articles of association were signed by the defendant, who subscribed for eight shares to the stock of the company, and, after a part of the road had been made, he was required by the directors to pay instal-*548ments on bis stock, which he refused to do ; and this suit was brought to recover the calls that were due. The only defence set up in the answer is, that the directors had violated the…