O'Neal v. Automobile Piston & Parts Co.

Pratt, Judge.

The ruling announced in the first headnote requires no elaboration.

The effect of the judgment on the demurrers of the intervenors was merely to construe the writing denominated by the plaintiff O’Neal as preferred stock in Kemp-West Motor Company, which plaintiff sought to enforce as a first lien upon all the assets of the corporation. Thus construed, we think the judgment here complained of is correct. It is true that this court held in Savannah Real Estate &c. Co. v. Silverberg, 108 Ga. 281 (33 S. E. 908), that the certificate denominated preferred stock in that case, under its…