Phoenix Finance Corp. v. Iowa-Wisconsin Bridge Co.

The Chancellor :

This is a petition, under Section• 31 of the General Corporation Law, Sec. 2063, Rev. Code 1935, to determine whether the individual persons, now holding the offices of directors of the Iowa-Wisconsin Bridge Company, a corporation of this State, are, in fact, the legally elected directors of that corporation; or whether, at the time they were declared elected, they were ineligible for such offices. Both the corporation and the individual defendants, claiming to be the directors of it, filed an answer to the complainant’s petition, and the case is before the court on a motion…