Appleton v. Turnbull

Tire Lincoln Pulp and Paper Company, a corporation existing under the laws of this State, was adjudged insolvent on petition of its creditors, and the plaintiff as assignee brings this suit to recover the sum of six thousand and twenty dollars, being the balance of forty per cent of the par value of three hundred and one shares of the company’s stock issued to the defendant, and for which he paid only sixty per cent of its par value under an allotment of stock made by the directors of the corporation, November 4, 1884.

No contention is made in reference to the validity of the plaintiff’s claim…