Zirkel v. Joliet Opera House Co.

The corporation of the Joliet Opera House Company was organized by subscription for shares in the stock. Appellant became a subscriber for ten shares, of $100 each, payable in instalments, of not more than 20 per cent, as the work should progress, within 20 days after called for by the proper officers. The declaration contains an averment that the opera houSe was built, and the required calls were made, and the subscription remained due and unpaid. The general issue was filed, and a plea that the corporation released and discharged the defendant from his liability on the subscription, by…