Bergman Clay Manufacturing Co. v. M. L. Bergman
Washington Supreme Court
Appeal from a judgment of the superior court for Spokane county, Sullivan, J., entered August IT, 1912, appointing a receiver of a corporation.
1Opinion of the CourtChadwick, J.
The Bergman Clay Manufacturing Company, a corporation, was organized in the year 1905. The capital stock was fixed at $25,000. The subscribers, the amount subscribed, and the amount unpaid on subscriptions are as follows:
M. L. Bergman, $6,500, $258 (tendered on the trial.)
C. A. Johnson, 2,335,
J. H. Evans, 6,500, 4,250
J. H. Hurd, 6.000, 3,T50
J. T. Davie, 2.000, 1,000
Peter Erickson, 1,665, 665
Stock was issued to each stockholder to the extent of the payment. M. L. Bergman was elected president, and so continued until 1911. The company borrowed money upon its organization and has since been…
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