Kirchdorfer v. Liberty Nat. Bank & Trust Co.

Opinion op the Court by

Judge Thomas

Affirming.

On April 5, 1926, a corporation was organized in Jefferson County under the name of Falls City Quarry Company with a capital stock of $15;000, all of which was subscribed for by Louis C. Ewald, H. W. Jansen and Leo J. Sandmann in equal proportion of- $5,000 each.

After the organization Louis C. Ewald was elected President and given general control and management of the business of the corporation, which was- the manufacture of crushed rock to be used in the construction and repair of state highways. About a year after the organization of the…