Larche v. Doughtie

DREW, Judge.

On April 3, 1923, plaintiff herein purchased ten shares of preferred stock in the Doughtie Hotel Company, Limited, a Louisiana corporation. The stock certificate is as follows:

“Incorporated Under the Laws of Louisiana

“Number 5 10 shares.

“Doughtie Hotel Company, Limited.

“Full Paid and Non-Assessable.

“Authorized Capital Stock; Preferred, $50,-000.00, Par Value $100.00; Common, 1,000 shares, Par Value $100.00.

“This certifies That L. N. Larche is the owner of Ten shares of the Preferred Capital Stock of the Doughtie Hotel Company, Limited, transferable only on the books of the…