Cownie v. Dodd
Supreme Court of Iowa
Appeal from Polk District Court. — Hon. C. A. Dudley, Judge. Action to recover interest on preferred stock of a corporation under a written guaranty. From a directed verdict and judgment for plaintiff, the defendants appeal.
1Opinion of the CourtWithrow, J.
I. In July, 1907, the plaintiff became the owner by purchase of fifty shares of the preferred stock of the Dodd Motor Company, a corporation organized under the laws of this state for the purpose of manufacturing gasoline engines. The stock was purchased at its par value, $100 per share, and certificate was issued to him. By the terms of the certificate the stock was entitled to preferred cumulative dividends up to 7 per cent., and was subject to retirement at par and accrued dividends after one year from date of issue. The defendants were the organizers and officers of the corporation. They…
2Cases cited8 opinions
- Lorillard v. . ClydeNew York Court of Appeals · 1894
- Burton v. DeweyCourt of Appeals of Kansas · 1896
- Columbus Trust Co. v. MoshierNew York Supreme Court · 1906
- German Savings Bank v. Drake Roofing Co.Supreme Court of Iowa · 1900
- Braddock v. WertheimerSupreme Court of Arkansas · 1900
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3Cited by5 opinions
- Pavlantos v. GaroufalisCourt of Appeals for the Tenth Circuit · 1937
- First National Bank v. Fireproof Storage Building Co.Supreme Court of Iowa · 1925
- Miller v. GeerlingsSupreme Court of Iowa · 1964
- Schaffer v. AcklinSupreme Court of Iowa · 1928
- Miller v. GeerlingsSupreme Court of Iowa · 1964