The Bank of San Luis Obispo v. Wickersham

The plaintiff is a banking corporation, and in its complaint alleges that on September 10, 187.6, it was financially embarrassed and unable to meet its liabilities without borrowing large sums of money, and that the defendant Wickersham was then the owner of four hundred shares of its stock, each share being of the par value of one hundred dollars, but the actual value of which did not exceed seventy-five dollars per share, and that the plaintiff was then offering the unsold shares of its capital stock for eighty dollars per share, but was unable to find subscribers therefor. It is further…