Robinson v. Second National Bank

In November, 1908, action was taken by the directors of The Second National Bank, the defendant in error, looking to the increase of its capital stock from $500,000 to $1,000,000, giving all stockholders the right to buy three-fifths of the increase of this capital stock at $150 per share, the balance of it to be sold to the public at the market price, which was then $275 per share'. This increase was afterwards duly authorized.

The husband of the plaintiff was the owner of 60 shares of the capital stock of this bank, and, as such, under the arrangement, was entitled to subscribe for 36 shares…