Newport Cotton Mill Co. v. Mims

These consolidated causes consist of five bills filed in the Chancery Court of Cocke County by the Newport Cotton Mill Company against alleged subscribers to its stock for amounts alleged to be due by them on their respective stock subscriptions.

The complainant seeks to recover of C. B. Mims, $500; of J. A. Baleh, $150; of J. J. Denton, $500; of I., M. Eubank, $250; and of W. C. Anderson, $750. The bills, except as to names and amounts, are substantially the same in each casej and aver that th.e complainant is a domestic corporation; that it was capitalized at $35,000, divided into shares of…