Tama Water-Power Co. v. Hopkins
Supreme Court of Iowa
Appeal from Tama District Court. — Hon. S. M. Weaver, Judge. Plaintiff is a judgment creditor of the Tama Paper Company, of which defendant is a stockholder. This is an action to recover of defendant the sum of twenty-five hundred dollars, alleged to be due from him to said company on account of stock by him taken. After the evidence was submitted, the court directed the jury to return a verdict in favor of plaintiff for the sum of twenty-five hundred dollars.
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Appeal from Tama District Court. — Hon. S. M. Weaver, Judge. Plaintiff is a judgment creditor of the Tama Paper Company, of which defendant is a stockholder. This is an action to recover of defendant the sum of twenty-five hundred dollars, alleged to be due from him to said company on account of stock by him taken. After the evidence was submitted, the court directed the jury to return a verdict in favor of plaintiff for the sum of twenty-five hundred dollars. From the judgment rendered on the verdict, defendant appeals.
1Opinion of the CourtRobinson, J.
On or about the twentieth day of June, 1877, the Tama Paper Company was organized as a corporation for pecuniary profit. Its articles of incorporation provided for a capital stock of twenty thousand dollars, divided into shares of one hundred dollars each, to be paid at the call of the board of directors. The company was permitted to commence business when subscription for the twenty thousand dollars of stock had been taken. The private property of the stockholders was to be exempt from the payment of the corporate debt, excepting for amounts due on stock. Defendant was one of the…
2Cases cited3 opinions
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- Boulton Carbon Co. v. MillsSupreme Court of Iowa · 1889
- Bayliss v. SwiftSupreme Court of Iowa · 1875
3Cited by7 opinions
- Clark v. BeverSupreme Court of the United States · 1891
- Marshall-Wells Co. v. KramlichIdaho Supreme Court · 1928
- Rutenbeck v. HohnSupreme Court of Iowa · 1909
- Calumet Paper Co. v. Stotts Investment Co.Supreme Court of Iowa · 1895
- Thornton v. BalcomSupreme Court of Iowa · 1892
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