In re Avard

The present proceeding under section 21 of the Stock Corporation Law was instituted by minority stockholders possessing' 477 shares of the 5,932 outstanding shares of preferred stock, par value $100, and 5,674 shares of the 40,000 outstanding shares of common stock, par value $25, of the Oneita Knitting Mills for an order determining the value of their stock or for the appointment of an appraiser to determine its value.

The respondent Oneita Knitting Mills, a domestic stock corporation organized in 1893, conducted its manufacturing operations entirely within the city of Utica, New York, until…