Union Trust & Savings Bank v. Blair-Harper Seed Co.

I. The petition set out .the articles of incorporation which are under attack. Articles III and IX thereof are as follows:

Article III.

“This corporation shall have an authorized capital stock of fifty thousand’ dollars. Twenty-five thousand dollars of its authorized stock shall be common stock divided into shares of twenty-five dollars, each, and twenty-five thousand dollars of its authorized stock shall be preferred stock divided into shares of twenty-five dollars each. There may he an original issue of fifteen thousand dollars common stock and fifteen thousand dollars preferred stock, and…