Davis v. McMillan

The appellants, Davis and Rankin, *425sued the appellees on an alleged contract in which said appellants had agreed with the appellees to build a butter factory of a certain description and quality and for a certain price. The contract was signed by Davis and Bankin and all the appellees, except the North Vernon Creamery Company, as subscribers, each of the latter signing under the following superscription :

Opposite the name of each subscriber is set forth the number of shares subscribed by him and the amount of stock to be issued to him after incorporation. These shares were $100 each, and no…