Kruse v. Hudson County Consumers Brewing Co.
New Jersey Court of Chancery
Heard on bill, answer, replication and proofs in open court. The bill in this suit sets out that in August of 1899 the Hudson Count}’ Consumers Brewing Company was incorporated in New Jersey, with an authorized capital stock of $300,000—three thousand shares of a par value of $100 each—and on the 2d of March, 1900, increased its authorized capital stock to $1,000,000; that it was formed to build a brewery and engage in the brewery business; that it was proposed to finance…
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Heard on bill, answer, replication and proofs in open court. The bill in this suit sets out that in August of 1899 the Hudson Count}’ Consumers Brewing Company was incorporated in New Jersey, with an authorized capital stock of $300,000—three thousand shares of a par value of $100 each—and on the 2d of March, 1900, increased its authorized capital stock to $1,000,000; that it was formed to build a brewery and engage in the brewery business; that it was proposed to finance the company through subscriptions to capital stock payable in installments, which installments should not exceed in the…
1Opinion of the Court
Garrison, Y. C.
(after statement of pleadings).
Since the proofs utterly fail to make out the case as it is charged in the bill, or the defense as set forth in the answer, it is necessary to exercise great care in its consideration so as to be sure what is actually being decided.
All that the complainant attempted to prove in his own case was the issuance of the certificates of payment and receipts to Terney by the Second National Bank of Hoboken, New Jersey, the assignment thereof by Terney to Elynn (which were preT sumably to the knowledge of the defendant corporation, because they were done…
2Cited by2 opinions
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