Southern Hide Co. v. Best

Mrs. Ruby L. Best, individually, and as tutrix, and the succession of W. C. Best are minority stockholders of the Southern Hide Company, Inc. As such they filed a petition, praying that a receiver be appointed to take charge of the affairs of that company. The company, in order to protect itself, appeared and demanded, under Act No. 117 of 1916, that Mrs. Best and her coplaintiffs furnish a bond to reimburse it for its costs, attorney’s fees, and disbursements, should the demand for a receiver be rejected. The Court granted the demand for bond, and two bonds, aggregating .$2,500, were…