Carlson v. Ringgold County Mutual Telephone Co.

Two actions consolidated for trial and appeal involve shareholders’ rights and ultimate control and ownership of the Ringgold County Mutual Telephone Company, an Iowa corporation, owning and operating a telephone exchange in Mount Ayr.

I. Plaintiffs-appellees are nonresidents of the community who have purchased and admittedly own stock in the company. They will be referred to as plaintiffs. In the opinion of defendants, plaintiffs are the big bad wolves trying to gobble a succulent morsel, the “marauding outsiders” destroying the peace and quiet and local control of the company. That the…