East Pascagoula Hotel Co. v. West

This suit is instituted upon a note payable to the order of the secretary of the plaintiff.

It appears that the consideration of the note was for three shares of the stock • of the company.

It is contended that the Legislature of Louisiana cannot authorize a corporation to carry on business solely and exclusively in another sovereign State, and further, that the formalities of law were not all followed in the organization of the company.

These objections, if valid, cannot be successfully urged- by the defendant.

He has become a stockholder in the company, and has thus held it out to the world as…