Warren County Co-Operative Ass'n v. Boyd
Supreme Court of North Carolina
Civil actioN beard oil appeal from recorder’s court of Warrekt, before Stacey ^ J., at January Term, 1916, of tbe Superior Court of said county.
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Civil actioN beard oil appeal from recorder’s court of Warrekt, before Stacey ^ J., at January Term, 1916, of tbe Superior Court of said county. A jury trial was waived, and tbe material facts as found by tbe court, and bis Honor’s judgment tbereon, are as follows: 1. That tbe plaintiff is a corporation duly created, organized, and existing under and by virtue of the laws of tbe State of North Carolina; and under its charter was authorized to begin business when $200 of its capital stock was subscribed and paid in. 2. That tbe said corporation was duly organized and began business on or about…
1Opinion of the CourtHoKE, J.
Tbe facts showing tbat tbe defendant subscribed for one share of stock, in pursuance of a plan and purpose to form a corporation, which was afterwards carried out, tbe company being thereafter regularly organized and doing business, be thereby became a subscriber, and, taken in connection with the note given in evidence of bis obligation,, this was what is known as a subscription on special terms, sometimes said to be on condition subsequent, defined by Beach on Corporations and other writers as one “which does not affect tbe subscriber’s liability to-take and pay for bis shares, but which…
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- Bank of Des Arc v. MoodySupreme Court of Arkansas · 1913
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- Citizens Hotel Co. v. LattaSupreme Court of North Carolina · 1923
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