Perry v. Bank of Commerce

Appellee exhibited its bill in the court below setting forth, in substance, that it is a corporation duly chartered under the laws of the state of Mississippi, and that its capital stock, before the amendment to its charter hereinafter referred to, was thirty-five thousand dollars; that, at a meeting of its stockholders regularly called and participated in by a majority thereof, its capital stock was reduced to twenty-five, thousand dollars; and it was ordered “that the certificate of stock now outstanding be called in and new certificates be issued in lieu of said old certificates in-…