Hamburg-Bremen Fire Insurance Co. of Hamburg, Germany v. Ohio Valley Dry Goods Co's Trustee

Opinion of the Court by

Judge Miller

Affirming.

On January 25, 1910, S. T. Burns, Charles Cohn, F. T. McIntyre, William Rowland and John McLemore incorporated “The Ohio Valley Dry Goods Company” for the purpose of doing a general merchandise business in Owensboro, Kentucky. Of the capital stock of $25,000.00, divided into shares of the par value of $100.00 each, Burns subscribed for 5 shares, Cohn for 124 shares, McIntyre for 40 shares, Rowland for 80 shares, and McLemore for 1 share. The corporation began business about February 1, 1910, in a store room located on West Second street, in…