Citizens' Bank v. Folse
Supreme Court of Louisiana
Appeal from Twenty-First Judicial District Court, Parish of Iberville; Calvin Kendrick Schwing, Judge. Action by the Citizens’ Bank of Louisiana against L. N. Folse and others. Judgment for plaintiff, and defendants appeal.
1Opinion of the Court
Statement of the Case.
MONROE, J.
In June, 1904, a corporation was established, by act drawn in the parish of Ascension, for the declared purpose of canning syrup and molasses, buying and selling sugar, and establishing and operating plants. The capital stock was fixed at $50,000, divided into 450 shares of common, of $100 each, and 50 shares of preferred, stock, of like value. Of the original subscribers to the common stock, W. H. Stratton took 35 shares, L. N. Folse 35 shares, A. Daigle 20 shares, and .J. D. Clark 30 shares. Folse was made president of the company, Stratton vice president,…
2Cases cited1 opinion
- Casey v. CavarocSupreme Court of the United States · 1878
3Cited by3 opinions
- D'AMICO v. CanizaroSupreme Court of Louisiana · 1970
- Williams v. Succession of RobertsonSupreme Court of Louisiana · 1913
- Sutton v. MorelandLouisiana Court of Appeal · 1937