Cleary v. Brokaw

The material facts are not in dispute. The Bank of Kaukauna was incorporated on August 14, 1883, pursuant to the statutes then existing. Its capital stock was $30,000, represented by three hundred shares, each of the par value of $100. In 1892, its articles were duly amended, increasing its capital stock to $80,000, divided into eight hundred shares of the par value of $100 each. On September 1, 1892, N. H. Brokaw, a resident of Kaukauna, and the late husband of the defendant, agreed to purchase and did purchase twenty-four shares of its stock for which he paid $2,400. Stock certificate No.…