State Ex Rel. Gibson v. American Bonding & Casualty Co.

The American Bonding & Casualty Companywas incorporated in this state on June 2, 1916, to transact business under Chapter 4, Title IX, of the Code of 1897, relating to insurance other than life. The authorized capi- . « . tal stock at the time ox incorporation was $goo,000. On January 25, 1918, a resolution was adopted, authorizing an increase of the capital stock to $1,000,000, and on January 19, 1920, amended articles of incorporation were adopted, fixing the capital stock at $750,000. On January 24, 1921, temporary receivers were appointed for said company, and subsequently, a permanent…