Morris v. American Public Utilities Company

The Chancellor.

The stipulation of the parties states that the purpose of the bill of complaint is, first, to secure the determination of this court as to whether or not the amendment to the certificate of incorporation is valid; and, second, to obtain a permanent injunction against the corporation, enjoining it from paying any dividends upon the new classes of preferred stock created under said amendment and, of course, upon any of the common stock (which was unaffected by the amendment) until the corporation paid out of the accumulated profits now on hand, or thereafter obtained, the…