Oliver v. Home Service Ice Co.

TALIAFERRO, Judge.

On the day defendant’s articles of incorporation were executed and signed by the several subscribers to its stock, a contract was signed by it, through its president, and the four plaintiffs, incorporators, of which the following, embodied at length in plaintiffs’ petition, is a copy:

“Whereas, the undersigned have subscribed to the capital stock of the Home Service Ice Company, Inc., and said stock will be issued to said subscribers;

“Now, therefore, the undersigned, each for himself, acknowledges that said stock is issued to him with the express understanding and obligation…