Hoagland v. Cincinnati & Fort Wayne Railroad

This was an action by the railroad company against the appellant, upon a subscription to the capital stock of the company. Judgment for the plaintiff.

The defendant, it appears, was one of the subscribers to the articles of association, and subscribed for ten shares of stock, at 50 dollars per share. The articles of association fixed the amount of capital stock at 2,500,000 dollars, to consist of shares of 50 dollars each, with a provision for the increase of the stock from time to time. The terms of the subscription required payment to be made to the company, or the board of directors, “ in…