State ex rel. Lederer v. Inter-National Investment Co.
Wisconsin Supreme Court
Action to annul the existence of a corporation, under sec. 3241, E. S. The defendant appears to have been incorporated July 7, 1893; and its original articles of organization and incorporation were amended December 8, 1893, so as to contain, among other things, in substance and effect, the duties and salaries of each and every of the several officers, directors, and agents of the company; that the business of said corporation shall be to encourage frugality and economy in…
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Action to annul the existence of a corporation, under sec. 3241, E. S. The defendant appears to have been incorporated July 7, 1893; and its original articles of organization and incorporation were amended December 8, 1893, so as to contain, among other things, in substance and effect, the duties and salaries of each and every of the several officers, directors, and agents of the company; that the business of said corporation shall be to encourage frugality and economy in its members, to create, husband, and distribute funds from monthly instalments, dues, or investments from its mem•bers, to…
1Opinion of the CourtOassoday, J.
There is really no dispute in the facts. The jugglery with figures provided for in the articles of incorporation, and mentioned in the foregoing statement, may be such as to make the rights of contract holders a matter of so much uncertainty and chance as to bring the defendant under the condemnation of the statutes against lotteries and gambling, as contended by counsel for the *518relator. Comm. v. Wright, 137 Mass. 250; Wilkinson v. Gill, 74 N. Y. 63. But the view we have taken of the case makes it unnecessary- to determine that question.
Of course, there can be no valid incorporation without…
2Cases cited14 opinions
- Attorney General v. Chicago & Northwestern Railway Co.Wisconsin Supreme Court · 1874
- Campbell v. CampbellWisconsin Supreme Court · 1875
- Wisconsin Telephone Co. v. City of OshkoshWisconsin Supreme Court · 1884
- Wilkinson v. . GillNew York Court of Appeals · 1878
- Gibson v. GibsonWisconsin Supreme Court · 1877
9 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- State ex rel. Bolens v. FrearWisconsin Supreme Court · 1912
- Chicago & Northwestern Railway Co. v. Railroad CommissionWisconsin Supreme Court · 1916
- Hoffman v. Eastern Wisconsin Railway & Light Co.Wisconsin Supreme Court · 1908
- Williams v. Citizens' Enterprise Co.Indiana Court of Appeals · 1900
- Hillier v. Lake View Memorial Park, Inc.Wisconsin Supreme Court · 1932
3 more not listed; retrieve them via the Exa API.