In re Putman
District Court, N.D. California
Petition of Kate C. Putman, Fred C. Putman’s administratrix and others, to have J. A. Folger declared bankrupt. On demurrer to the
1Opinion of the Court
FARRINGTON, District Judge.
The petition shows that J. A. Folger was a stockholder and director of the Ocean Shore Railway Company. He owned and there had been issued to him 11,550 shares of its capital stock. In his contract of subscription the price of the stock was fixed at $100 per share; only $45 per share, however, has been actually paid. It is alleged that while he was a director he authorized the creation of, and created debts by said company to a total amount of more than $6,000,000, which was $1,000,000 in excess of the entire subscribed capital stock of the company. None -of this…
2Cases cited27 opinions
- Sawyer v. HoagSupreme Court of the United States · 1873
- Hatch v. DanaSupreme Court of the United States · 1880
- Hunt v. WardCalifornia Supreme Court · 1893
- Patterson v. LyndeSupreme Court of the United States · 1883
- Vermont Marble Co. v. Declez Granite Co.California Supreme Court · 1902
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3Cited by18 opinions
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- Continental Supply Co. v. AbellMontana Supreme Court · 1933
- Lewis v. RobertsSupreme Court of the United States · 1925
- Ex parte HarrisonDistrict Court, D. Massachusetts · 1921
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