Smock v. Henderson

The complaint in this case contained five paragraphs. To the first, and third paragraphs demurrers were sustáined, and these need not now be considered.

The second paragraph is, in substance, as follows: That the Water Works Company is a corporation, duly organized *243¡under the laws of Indiana; the amount ©f stock subscribed was only six- hundred dollars, no part of which has ever been paid, and no-certificates of stock were 'ever issued therefor; that in dune, 1870, the defendants were directors of said corporation, and as such directors, in violation of their legal ■duty, and without any…