Eakright v. Logansport & Northern Indiana Railroad

The appellees, who were the plaintiffs, sued Eakright upon a subscription of stock to the original articles of association of. said company. These articles are set out in the complaint, and read thus:

“ We, the undersigned, whose names and places of residence are designated in the margin, for the purpose of organizing a company to construct, own, and maintain a railroad hereinafter mentioned, in pursuance of an act entitled ‘ an act to provide for the incorporation of railroad companies,’ approved May 11, 1852, do hereby, each for himself, subscribe the number of shares in the capital stock of…