Stein v. Howard
California Supreme Court
' Appeal from an order of the Superior Court of the city and county of San Francisco, refusing an injunction. ' The Spring Valley Water Works, a corporation, was organized in 1858, and the proceedings for the increase of stock, mentioned in the opinion of the court, were taken in accordance with the Statute of 1853, which was in force at the date of the incorporation. The other facts are stated in the opinion of the court.
1Opinion of the CourtMyrick, J.
The complaint in this case was filed by a stockholder for the purpose of enjoining the trustees of the Spring Valley Water Works, a corporation, from issuing and selling twenty thousand shares of stock. The capital stock of the corporation was eight million dollars, divided into eighty thousand shares, of the nominal value of one hundred dollars each. At a meeting of the stockholders, duly called, held on the 6th of July, 1876, it was resolved (more than two thirds of the capital stock being represented, and the vote being unanimous as to all present) that the capital stock be increased to…
2Cited by20 opinions
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- Elyton Land Co. v. Birmingham Warehouse & Elevator Co.Supreme Court of Alabama · 1890
- Vermont Marble Co. v. Declez Granite Co.California Supreme Court · 1902
- Scott v. AbbottCourt of Appeals for the Eighth Circuit · 1908
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