Milwaukee Smelting & Refining Co. v. Lindenberger
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Milwaukee county: WaeRest D. Taeeaitt, Circuit Judge. Steps were taken for the organization of the plaintiff corporation with a capital stock of seventy-five shares of the par value of $100 each, and at a meeting on July 26, 1906, the defendant and five others delivered to the plaintiff their subscription agreement, whereby each of the six persons subscribed for seven and one-half shares of stock; the par value of five shares…
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Appeal from a judgment of the circuit court for Milwaukee county: WaeRest D. Taeeaitt, Circuit Judge. Steps were taken for the organization of the plaintiff corporation with a capital stock of seventy-five shares of the par value of $100 each, and at a meeting on July 26, 1906, the defendant and five others delivered to the plaintiff their subscription agreement, whereby each of the six persons subscribed for seven and one-half shares of stock; the par value of five shares to be forthwith payable in cash, the remaining $250 to be payable pursuant to the call of the board of directors.…
1Opinion of the Court
The following opinion was filed January 11, 1910:
Siebeokee, J.
The facts show that the defendant and five other persons had subscribed for the capital stock of the plaintiff company and agreed “to pay his subscription to the amount of five (5) shares forthwith in cash without resolution or call/’ and the remainder upon-call of the board of directors; that this agreement was accepted by the- company by corporate action, in which the defendant took part as stockholder; and that the defendant pursuant to such agreement paid for one share, participated in the company’s organization, accepted the…
2Cited by3 opinions
- First National Bank of Fairchild v. HizerWisconsin Supreme Court · 1926
- Waller Carson & Co. v. LeedomWisconsin Supreme Court · 1937
- Crittenden v. Credit Foncier Des Etats UnisCalifornia Court of Appeal · 1928