In re Brophy

This matter is before me under section 42 of "An act concerning corporations” (Revision of 1896), and the supplements thereto1 and amendments thereof. Comp. Stat., p. 1624, § 39.

The nine petitioners were nominated for directors of the Atlantic City Wimsett Thrift Company, a corporation of the State of New Jersey, organized under the Corporations act, above referred to.

Neither in the certificate of incorporation, filed February 25th, 1928, not in the amended certificate, filed November 20th, 1928, is there provision for cumulative voting of stock. Effective December 19th, 1934, article 1,…