State v. Heller

Prior to the year 1920 Siegfried Heller was engaged in business in the city of Milwaukee as an individual. In May of that year he incorporated the S. Heller Elevator Company. The authorized capital stock of said corporation was 1,000 shares of the par value of $100 each. Mr. Heller assigned and turned over to the corporation all of the assets of his individual business. For such assets he received 890 shares of stock. The remainder of the authorized shares were taken by two employees. Mr. Heller caused 390 shares to be made out in his own name, 300 shares in the name of Caroline Heller, his…