Legal Opinion
Wessel v. Guantanamo Sugar Co.
New Jersey Court of Chancery
Decided January 5, 1944No. Docket 149/475 Docket 149/440PublishedCited by 5 opinions
1Opinion of the Court
The two cases were heard together. The complainants are owners of shares of 8% cumulative preferred stock of defendant corporation of the par value of $100 each. The defendant was incorporated under the laws of this state in 1905 by certificate which provided for common stock only. The issue of preferred stock was first authorized by amendment to the certificate of incorporation filed March 22d 1922, and the issue was increased by a further amendment to said certificate filed January 2d 1925. As of January 1st, 1943, 20,250 of such shares were authorized, of which 1,903 were owned by…
2Cases cited7 opinions
- Consolidated Film Industries, Inc. v. JohnsonSupreme Court of Delaware · 1937
- Lonsdale, C., Corp. v. International, C., Co.New Jersey Court of Chancery · 1927
- Allen v. Francisco Sugar Co.Supreme Court of New Jersey · 1921
- Ballantine v. YoungNew Jersey Court of Chancery · 1911
- Johnson v. Consolidated Film Industries, Inc.Court of Chancery of Delaware · 1937
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3Cited by5 opinions
- Boyle v. United StatesDistrict Court, D. New Jersey · 1964
- Franzblau v. Capital Securities Co.New Jersey Superior Court Appellate Division · 1949
- Camden Trust Co. v. DuboisNew Jersey Court of Chancery · 1945
- Murphy v. Guantanamo Sugar Co.Supreme Court of New Jersey · 1944
- Judson v. Peoples Bank and Trust Co.Supreme Court of New Jersey · 1957