In re Stockwell

Jaycox, J.:

The petitioner, William R. Stockwell, is the owner of 213 shares of common stock and 55 shares of preferred stock of the Lord & Burn-ham Company. The company is a domestic corporation, located at Irvington, N. Y., and is engaged in the business of manufacturing greenhouses and other kindred work. On the 10th of January, 1924, it had an authorized capital stock of $2,500,000, consisting of 15,000 shares of common stock of the par value of $100 each, and 10,000 shares of preferred stock of the par value of $100 each. On that date the corporation issued a notice to its stockholders of…