Nowak v. National Car Coupler Co.

The appellants, Frank Nowak and Charles A. Nowak, were stockholders of the National Car Coupler Company, a corporation of this State organized under the act concerning corporations, in force July 1, 1872. (Laws of 1871-72, p. 296.) The charter expired on May 2, 1912, but by section 10 of the act the corporate capacity was continued during the term of two years, for the purpose, only, of collecting the debts due the corporation and selling and conveying its property and effects. On December 24, 1912, the appellants filed their bill of complaint in the superior court of Cook county against the…