Clow v. Blown

The appellants sued the appellees as directors of the Crawfordsville Water-Works Company, a corporation organized for the purpose of constructing, owning, and operating a system of water-works.

The complaint is in two paragraphs, in the first of which it is averred, that said company was organized in the year 1885, for the purpose of constructing, owning, and operating a system of water-works at said city; that *288the capital stock was originally stated at $100,000, but was thereafter increased to $200,000, as stated in the articles of association; that the appellees were elected directors, and…