Franzen v. Fred Rueping Leather Co.

In this case the questions for decision can be presented more clearly and repetitious statements avoided by stating the facts rather than allegations of the pleadings and the findings of the court in extenso.

The defendant was organized under the laws of Wisconsin in 1894. At a special meeting of its stockholders held in 1921, the articles of organization were amended to provide for 15,000 shares of eight per cent cumulative preferred stock of the par value of $100 each, and 15,000 shares of common stock of the par value of $100 each. Dividends on the eight per cent cumulative preferred stock…