Cron v. Tanner

The opinion of the court was delivered by

Wertz, J.:

Appellee, owner of 43/2% of the common capital stock of defendant bank, brought this action in mandamus against the officers and directors thereof to compel them (1) to retire $10,000 of the outstanding preferred stock in said bank; (2) to vote to pay a dividend of not less than 15% on all outstanding common stock; and (3) to compel defendant president and manager of said bank to pay to the bank $1,200 received by him as dividends on preferred stock owned by him, and $4,500 paid him as salary alleged to have been excessive in amount. This…