Adams v. Farmers Gin Co.

GRISSOM, Justice.

Plaintiffs C. A. Adams et al., stockholders of the Farmers Gin Company, a corporation, sued said company for debts alleged to have been incurred as hereinafter shown. It was alleged that defendant’s gin was destroyed by fire in December, 1925; that plaintiffs were owners of certain shar'es of stock in said corporation; that on May 1, 1926, “ * * * there was called a meeting of the stockholders i-n a manner provided by the Constitution and by-laws of said corporation, which meeting was called for the purpose of determining whether or not the corporation should be dissolved and…