State ex rel. Havner v. Des Moines Union Stock Yards Co.

This is an action in equity, to compel the de*988fendant subscribers to the capital stock of the Des Moines Union Stock Yards Company to pay a sufficient amount on their unpaid subscriptions to equalize the losses of the stockholders. The authorized capital stock of the Des Moines Union Stock Yards Company was $1,000,000 of common stock, which was later, by amendment to its articles of incorporation, increased to $2,500,000. The stock was sold at its par value of $100 per share. Sixty-five subscribers paid their subscriptions in full. The remaining subscribers, who are made defendants in this…