Loewenthal v. Rubber Reclaiming Co.

Pitney, V. C.

The complainants are stockholders in the defendant company. The individual defendants are officers and directors of it. The company was organized under the General Corporation act of this state. The object of the bill is to restrain a change in the certificate of its organization and in its by-laws which the indi*441■vidual defendants propose to make by the vote of a mere majority of the stockholders, under the authority of the sixth section of a supplement to the Corporation act, approved March 21st, 1893 (P. L. of 1893 p. 445), which provides—

“That it shall be lawful for any…