Sommer v. The Armor Gas & Oil Co.

Plaintiff, a stockholder in defendant corporation, institutes this action to compel the defendant to issue and deliver to her a certificate for nine shares, of the par *212value of twenty-five dollars a share, of its capital stock, being her allotted share of an increase of such stock. The corporation defends on the ground that the shareholders'were notified to pay for their allotted shares of the new or increased stock within a fixed, reasonable time, and that plaintiff failed to pay within the time fixed and has so lost her right thereto. The corporation still holds the stock, unissued or…