Barkley Cemetery Ass'n v. McCune

Plaintiff was incorporated, under the general laws of the State, November 4, 1889, with a capital stock of one hundred and fifty shares, of the par value of ten dollars per share. Mathew T. Barkley was the owner of one hundred and forty-six shares. James P. Wood, Alexander C. James and Judge Reuben F. Roy, and defendant J. R. S. McCune, each owned one share. The stock was non-dividend paying, and the stockholders named above composed the first board of directors. Barkley was president of the board. On August 16,1890, Barkley made his last will, by which he devised to McCune, as trustee, the…