A. C. Frost & Co. v. Coeur D'Alene Mines Corp.

HOLDEN, J. —

Appellant Coeur d’Alene Mines Corporation was incorporated under the laws of the state of Idaho in October, 1928, with an authorized capital stock of $3,000,000 divided into 3,000,000 shares of the par value of $1 each.' All the authorized capital stock of the corporation was issued to subscribers therefor, as fully paid and non-assessable, and in the same month of the same year, af ter incorporation, certificates of stock were immediately issued and delivered to subscribers or their assignees.

September 8, 1934, respondent A. C. Frost & Co. was incorporated under the laws of the…