Victor v. . Mills
Supreme Court of North Carolina
ActioN beard upon, pleadings by Moore, J., at March Term, 1908, of MbcicleNbuhg. The plaintiff, a stockholder in the Louise Ootton Mills, a corporation chartered, organized and operating pursuant to the laws of North Carolina, seeks in this action to enjoin the board of directors and managing officers of said corporation from paying to the defendant insurance company the amount of premiums on certain insurance policies.
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ActioN beard upon, pleadings by Moore, J., at March Term, 1908, of MbcicleNbuhg. The plaintiff, a stockholder in the Louise Ootton Mills, a corporation chartered, organized and operating pursuant to the laws of North Carolina, seeks in this action to enjoin the board of directors and managing officers of said corporation from paying to the defendant insurance company the amount of premiums on certain insurance policies. The complaint sets out the facts relied upon for the relief demanded. The several answers of the defendants admit the material allegations and set up certain facts relevant to…
1Opinion of the Court
CohNOR, J.,
after stating the facts: Eliminating all formal and irrelevant matter, we extract from the pleadings the following facts: The defendant cotton mills is, and was prior to 1 June, 1905, chartered and organized in the city of Charlotte, with a capital stock of $300,000, two-thirds of which is common and one-third preferred stock. Plaintiff is the owner of ten shares of common stock in said corporation. On and before said date the said corporation was, in accordance with its charter, operating a mill and machinery for the purpose of manufacturing cotton goods. On 30 June, 1905, the…
2Cases cited12 opinions
- Boyd's Lessee v. GravesSupreme Court of the United States · 1819
- Hawes v. OaklandSupreme Court of the United States · 1882
- Warnock v. DavisSupreme Court of the United States · 1882
- Central Railroad v. CollinsSupreme Court of Georgia · 1869
- Merrimon v. Paving Company.Supreme Court of North Carolina · 1906
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3Cited by13 opinions
- American Trust Co. v. Life InsuranceSupreme Court of North Carolina · 1917
- Manning v. Atlantic & Yadkin Railway Co.Supreme Court of North Carolina · 1924
- Secor v. Pioneer Foundry Co. Inc.Michigan Court of Appeals · 1969
- Howell Ex Rel. Howell v. American National InsuranceSupreme Court of North Carolina · 1925
- Trinity College v. . Ins. Co.Supreme Court of North Carolina · 1893
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