State ex rel. Attorney-General v. Wood

This is a proceeding in the name of the state at the relation of the attorney-general, to deprive of its franchises, the Woo’d Medicine Company, a corporation of which the other defendants are stockholders. The petition alleges that it was alleged in the articles of incorporation that all the stock has been subscribed and paid up in lawful money of the United States, and that this allegation was false ; that none of the stock had ever been paid up ; and that, for this reason, the procuring of the issuance of a certificate of incorporation was a fraud and a usurpation of franchises in…