Kane v. Schofield

The Sueske Brass & Copper Company was incorporated in March 1927, with a capital stock of $50,000. In about a month the capital stock was increased to $150,000, represented by 1,500 shares of common stock. The place of business was located at 1319 North Peoria street, Chicago. Elmer F. Sueske was a director, president and treasurer and had 1,480 shares of stock in the corporation. His sister, Caroline C. Sueske, was a director and secretary and had 10 shares. Frank Schofield, an attorney, was a director and had 10 shares of the stock. Elmer F. Sueske became ill in 1933 and on October 30, 1933…