Weicker v. Howbert

■PHILLIPS, Circuit Judge.

The Weicker Transfer & Storage Company 1 is a corporation which was organized under the laws of Colorado prior to March 1, 1913.

On April 29, 1929, its outstanding stock consisted of 3500 shares, held as follows:

R. V. Weicker 2135.70 Shares

F. C. Weicker 1079.08 “

H. C. Clark 82.90 “

L. G. Dameron 67.44 “

C. F. Barrett 67.44 “

A. E. Gallagher 67.44 “

This par value of the shares was $350,-000 and their book value $542,204.57. On April 29, 1929, the requisite action was tak en to authorize a change in the capital structure of the Transfer Company from 3500 shares of the par…