Colfax Hotel Co. v. Lyon
Supreme Court of Iowa
Appeal from, Polla Circuit Court. Plaintiff is a corporation, and it brought this action on an alleged contract by defendant to take and pay for fifteen shares of its capital stock. The verdict and judgment were for defendant. Plaintiff appeals.
1Opinion of the CourtNeed, J.
The plaintiff was incorporated on the eleventh day of June, 1884. Its articles of incorporation contain the following provision: “The capital stock of the organization hereby created is fixed at sixteen thousand dollars, divided into shares of one hundred dollars each, all of which has been subscribed for, and are payable at the- call of the directors of said company, and as provided in said subscription.” There were six incorporators, and, as we understand, those six persons had subscribed for all of the stock, but defendant was not of the number. It is alleged in the petition that oil the…
2Cases cited1 opinion
- Thompson v. LambertSupreme Court of Iowa · 1876
3Cited by8 opinions
- Rutenbeck v. HohnSupreme Court of Iowa · 1909
- Lindley v. SnellSupreme Court of Iowa · 1890
- Spencer v. McGuffinIndiana Supreme Court · 1921
- Des Moines Savings Bank v. Colfax Hotel Co.Supreme Court of Iowa · 1893
- Farmers' Mutual Telephone Co. v. HowellSupreme Court of Iowa · 1906
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