Johnson v. National Sand & Gravel Co.

Plaintiff brought suit against defendant to compel it to cancel a resolution, passed by its board of directors on July 14, 1928, rescinding the issuance of 250 shares of its stock to plaintiff, and to reinstate the shares of stock on defendant’s books as valid shares. Plaintiff recovered judgment, as sued for, against defendant, whereupon defendant moved for appeals, both suspensive and devolutive, returnable to this court. The trial judge granted the devolutive appeal asked for, upon defendant's furnishing bond in the sum of $100, which he obviously considered sufficient to secure the costs,…