Ward v. Jersey Central Power Light Co.

Celia Ward, the complainant, in 1931 subscribed for 35 shares of preferred stock of Jersey Central Power and Light Company. As nearly as I can determine the fact, she told the employee of the company who took the order for the stock, that she wanted her sister's name, Nora T. Russo, to appear with her own on the stock certificate, with such effect that she, Celia, would get the dividends and control the stock in her lifetime, but Nora would have the stock after her death. To carry out her instructions, as best he knew how, he put on the subscription blank directions to issue the stock in the…