McClure v. Paducah Iron Co.
Missouri Court of Appeals
Appeal from St. Louis City Circuit Court. — Hon. Selden P. Spencer, Judge. STATEMENT OH THE CASE. This is a creditor’s bill against certain stockholders of an insolvent corporation. In the year 1887, the Paducah Land, Coal & Iron Company was organized under the laws of Kentucky with an authorized capital stock of three million dollars, of which ten per cent was paid. When referred to it will be styled the “land company.”
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Appeal from St. Louis City Circuit Court. — Hon. Selden P. Spencer, Judge. STATEMENT OH THE CASE. This is a creditor’s bill against certain stockholders of an insolvent corporation. In the year 1887, the Paducah Land, Coal & Iron Company was organized under the laws of Kentucky with an authorized capital stock of three million dollars, of which ten per cent was paid. When referred to it will be styled the “land company.” None of the individual defendants had anything to do with it, but were drawn into a collateral enterprise which it promoted. They were at the time stockholders in the Nova…
1Opinion of the CourtGoode, J.
I. A plea to tbe circuit court’s jurisdiction over tbe Paducah Iron Company was interposed in tbe original action instituted by tbe plaintiff, to recover tbe balance due him for bis work in erecting and equipping tbe Paducah plant, on tbe ground that said company was a Kentucky corporation, having no office, place of business or business representative in this State. Evidence was taken on tbe plea and it was overruled by tbe circuit court, whose judgment is conclusive and tbe point can not be examined on its merits in this collateral proceeding. Baisley v. Baisley, 113 Mo. 544; Reed v.…
2Cases cited44 opinions
- Scovill v. ThayerSupreme Court of the United States · 1882
- Coit v. Gold Amalgamating Co.Supreme Court of the United States · 1886
- Baisley v. BaisleySupreme Court of Missouri · 1893
- State ex rel. Winter v. SayreSupreme Court of Alabama · 1897
- Van Cleve v. BerkeySupreme Court of Missouri · 1898
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