Eureka Coal Co. v. McGowan

Defendant in error was plaintiff in a suit to have a receiver appointed for plaintiff in error, defendant below, and had judgment appointing a receiver. The cause is now before us on error.

From the record it appears that plaintiff and one Hoye furnished an equal amount of funds to open and operate a coal mine, for the working of which they incorporated the defendant company. Each was to have 3400 shares of the capital stock of said company, of the par value of $10. E. J. Churchill, in his lifetime, was the counsel of the company, and with the two persons named formed the board of directors.…