Atlanta Steel Co. v. Mynahan
Supreme Court of Georgia
Equitable petition. Before Judge Ellis. Fulton superior court. March 27, 1911.
1Opinion of the CourtFish, C. J.
1. When a proposed amendment to a charter is fundamental, radical, or vital, the unanimous consent of the stockholders to its acceptance is essential. Winter v. Muscogee Railroad Co., 11 Ga. 438; May v. Memphis Branch R. Co., 48 Ga. 109; Snook v. Georgia Improvement Co., 83 Ga. 61 (9 S. E. 1104); Alexander v. Atlanta &c. R. Co., 108 Ga. 151 (33 S. E. 866).
*669September 24, 1912.
2. An amendment to a charter of a corporation, increasing its capital stock, whether common or preferred, is fundamental. 10 Cyc. 208; Ib. 406 (g); Ib. 569 (2).
3. According to the allegations of the petition, the defendant…
2Cases cited4 opinions
- Winter v. Muscogee RailroadSupreme Court of Georgia · 1852
- Snook v. Georgia Improvement Co.Supreme Court of Georgia · 1889
- Alexander v. Atlanta & West Point RailroadSupreme Court of Georgia · 1899
- May v. Memphis Branch RailroadSupreme Court of Georgia · 1873
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- National Bank v. AmossSupreme Court of Georgia · 1915
- Macon Gas Co. v. RichterSupreme Court of Georgia · 1915
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