Robertson v. Business Boosters' Country Club

This is the second ap: peal in the causé. For former decision, see Robertson v. Business Boosters’ Country Club, 210 Ala. 460, 98 So. 272.

In effect it was held that the fund alleged to have been converted, being paid in on subscriptions for stock in plaintiff corporation for the purpose of boring a test well for oil and gas in Montgomery county, was the property of the plaintiff; but, the funds having been applied in good faith to the purposes intended, the defendant should not, in an action equitable in character, be held to account for so much of the fund as was expended prior to January 4,…