United Bank & Trust Co. v. Joyner

This is an action to recover the amount alleged to be due on a subscription to buy treasury stock of a corporation. There is no serious dispute as to the facts, the questions involved being principally of law, and we may state these facts as follows:

At some time previous to the spring of 1927, certain parties in the city of Tucson attempted to organize a corporation under the name of Tucson Independent Publishing Company, Inc., hereinafter called the company. The incorporators had taken some of the preliminary steps necessary to becoming a legal corporation under the laws of Arizona, but up…