Wisconsin Investment Co. v. Skinner

The facts are simple and not in dispute. In November, 1924, pursuant tO' the provisions of ch. 180 of the Wisconsin Statutes, a corporation was organized by three residents of this state. The name of that corporation was Wisconsin Investment Company. Its authorized capital stock was five hundred shares of preferred stock of the par value of $100 per share and six hundred twenty-five shares of common stock, without nominal or par value. The principal purpose for which it was organized was to invest in and to hold, sell, and deal in stocks, shares, bonds, debentures, and other evidences of…