Therrell v. Reilly

In a suit at law brought to collect a bank stock asessment, the defendant filed a plea to the declaration setting up that the bank, being incorporated under the laws of Florida, the charter limited the amount of capital stock to a sum not exceeding $100,000.00 and that in violation of the laws of the State, the bank had undertaken to increase, and had increased, its total capital stock above the charter limit, without amending its charter, and that the stock upon which the suit had been brought was stock which had been issued by the bank in excess and in violation of its charter limitation,…