Gillespie v. Camacho

OPINION OF THE COURT BY

LINDSAY, J.

The defendant with numerous others signed an agreement subscribing for shares of stock in a corporation that was subsequently formed under the name of J. ,A. Harris Poultry Farm, Limited. The corporation, a little more than a year after its formation, .becoming unable to meet its obligations, assigned to plaintiff for the benefit of its creditors, and this action was brought to enforce .the alleged liability of defendant under the subscription agreement wherein he had subscribed for ten shares of the capital stock at a par value of $10.

At the trial plaintiff…