Matter of Dolgeville El. L. P. Co.

In this proceeding, taken for the purpose of winding up the affairs of the Dolgeville Electric Light and Power Company on the ground of its insolvency, the point was seasonably and properly made by the Commercial Bank, a creditor, that the court had no jurisdiction to make the order dissolving the corporation, inasmuch as the petition presented to the court was not verified by a majority of the directors of the corporation. The point was well taken if it was the fact that the petition had not been verified by a majority of the directors; for this is a purely statutory proceeding, and the…