Williams v. Taylor

This is an action to recover certain installments of unpaid subscriptions to the stock of the Lexington Development Company, a corporation incorporated under the laws of Virginia.

David B. Taylor subscribed to 350 shares of the capital stock of this company in October or November, 1890, and signed the following contract:

“I hereby subscribe for 350 shares of the capital stock of the Lexington Development Company of the par value of ten dollars ($10) each, upon the following terms and conditions, as set forth in the prospectus, and agree to pay the same, as follows: One dollar down at the time…