Lagrone v. Brown

The Willowbrook Brick Tile Company was incorporated under the laws of this state on January 29, 1920, with an authorized capital stock of $100,000. The city of Shreveport was made the domicile.

F.M. Brown, a resident of Caddo, Norman McDonald and J.A. Jimerson, residents of the parish of Lincoln, and R.A. Ludwick, whose residence is not stated, were subscribers to the capital stock and were elected as the first board of directors of the corporation.

Brown subscribed for $16,250 of the stock, and the other three for $11,250 each.

After the lapse of some three years the corporation was by judgment…