State Ex Rel. Havner v. Associated Packing Co.

The Associated Packing Company, on October 10, 1918, filed articles of incorporation with the secretary of state. The articles were duly approved by the secretary of state, and a certificate authorizing the corporation to engage in business was duly issued. It had an authorized capital stock of $2,000,000. On March 29, 1919, the authorized capital stock was increased to $5,000,000. Afterwards, through agents and representatives, this corporation entered into contractual relationships with a multitude of Iowa citizens and others, who agreed to purchase its stock, and it assembled resources of…