Balfour v. Baker City Gas Co.
Oregon Supreme Court
Appeal from Baker: Morton D. Clifford, Judge. This is a suit in equity by the firm of Balfour, Guthrie and Company, who are judgment creditors of the Baker City Gas and Electric Light Company, to reach certain unpaid subscriptions to the capital stock of that corporation, and have them applied to the satisfaction of their judgment. There was a decree for the plaintiff, and Isaac Bloch appealed.
1Opinion of the Court
Opinion by
Mr. Chief Justice Bean.
The only question here is whether the defendant I. Bloch is liable as a stockholder to the creditors of the corporation. The facts are that prior to August, eighteen hundred and eighty-eight, certain citizens of Baker City, desiring to organize a corporation to furnish the city and its inhabitants with light, circulated a subscription for stock in a corporation thereafter to be formed for that purpose, and Bloch signed the same for twenty shares of the par value of fifty dollars each. After one half of the capital stock of the proposed corporation had been…
2Cases cited8 opinions
- Buffalo Jamestown Railroad Co. v. . GiffordNew York Court of Appeals · 1882
- Hawley v. UptonSupreme Court of the United States · 1880
- Marshall Foundry Co. v. . KillianSupreme Court of North Carolina · 1888
- Minneapolis Threshing Machine Co. v. DavisSupreme Court of Minnesota · 1889
- Hudson Real Estate Co. v. TowerMassachusetts Supreme Judicial Court · 1892
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3Cited by4 opinions
- Nickum v. BurckhardtOregon Supreme Court · 1897
- Babbitt v. Pacco Investors Corp.Oregon Supreme Court · 1967
- Hawkins v. Citizens' Investment Co.Oregon Supreme Court · 1901
- Thielsen v. LindeOregon Supreme Court · 1927