Coffman v. Maryland Publishing Co.

The Maryland Publishing Company is a Maryland corporation, having an authorized capital stock of $150,000 in preferred stock, divided' into 1,500 shares of the par value of $100 each, of which $40,000 has been issued, and 6,000 shares of common stock having no par value. The preferred stock provides for a cumulative six per cent, dividend but has no voting privileges. It was incorporated to carry on a general publishing and printing, business, but its principal business is the publication of a weekly newspaper known as the Maryland News. In connection with that business it acquired in 1927…