Sorrick v. Consolidated Telephone Co.

Plaintiff Douglas M. Sorrick at one time was the general manager, president and director of defendant, the Consolidated Telephone Company of Springport. That company was organized on September 21, 1928, under the provisions of PA 1883, No 129, as amended (CL 1948, § 484.1 et seq. [Stat Ann § 22.1411 et seq.] ). Its authorized capital stock was $25,000, divided into 1,000 shares at a par value of $25 each, $11,100 being subscribed at the time its articles of association were filed with the secretary of State on January 3,1929.

At its organizational meeting the members adopted a “constitution”…