Farmers & Traders' Bank v. National Laundry & Linen Supply Co.
Idaho Supreme Court
APPEAL from the District Court of the Fifth Judicial District, for Bannock County. Hon. J. J. Guheen, Judge. Suit for injunction. Judgment for plaintiffs. Whether the corporate stock had been properly increased was a question only the state could raise.
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APPEAL from the District Court of the Fifth Judicial District, for Bannock County. Hon. J. J. Guheen, Judge. Suit for injunction. Judgment for plaintiffs. Whether the corporate stock had been properly increased was a question only the state could raise. (Pullman v. Upton, 96 U. S. 328, 24 L. ed. 819; Stutz v. Hcmdley, 41 Fed. 531.) If a corporation is authorized by law to increase its capital stock, upon complying with certain prescribed forms or conditions and the corporation or its agents appear to have endeavored to comply with the prescribed forms or conditions, and have in fact increased…
1Opinion of the Court
COWEN, District Judge.
On July 14, 1915, the National Laundry & Linen Supply Company was an Idaho corpora*790tion doing business at Pocatello, Idaho, having a capital stock of $10,000, divided into 100 shares of $100 each, of which stock the appellant Homer J. Rich was the owner of 35 shares, the appellant Sarah R. Boothe Rawson was the owner of 12% shares, the appellant E. P. Horsefall was the owner of 5 shares, and the respondent A. IT. Swanson was the owner of 4 shares. It does not appear from the record whether the other shares were issued or not.
On or about April 1, 1915, the appellants Rich…
2Cited by1 opinion
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