Granger & Co. v. Allen

Lambert, Official Referee:

The American Railway Brotherhood Association, Inc., came into existence by the filing of a certificate of incorporation in March, 1916. A great diversity of business was recited in and permitted by the certificate of incorporation.- It, however, confined its efforts to the establishment and conduct of a department store with its principal office in Buffalo, N. Y. Its authorized capital stock was $100,000, divided into 20,000 shares at $5 each. The business was started soon after its incorporation in March, 1916, and terminated in voluntary bankruptcy in August, 1917.…