Vaughn v. Alabama National Bank
Supreme Court of Alabama
Appeal from the Chancery Court of Jefferson. Heard before the Hon. John C. Carmichael. This was a bill filed by the Alabama National Bank against P. T. Vaughan, E. E. Bryant and others, as stockholders-of the Coal City Coal & Coke Company, to enforce a balance due by them on stock held in said last named corporation.
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Appeal from the Chancery Court of Jefferson. Heard before the Hon. John C. Carmichael. This was a bill filed by the Alabama National Bank against P. T. Vaughan, E. E. Bryant and others, as stockholders-of the Coal City Coal & Coke Company, to enforce a balance due by them on stock held in said last named corporation. The bill alleged the insolvency of the Coal City Coal & Coke Company; that complainant had obtained a judgment against them for a large sum, and that execution on said judgment had been returned “No property found.” The averments of the bill sufficiently appear in the opinion.…
1Opinion of the CourtSimpson, J.
This was a bill filed by appellee against appellants as stockholders in the Coal City Coal & Coke Company, which corporation is alleged to be insolvent. Said complainant was a judgment creditor of said corporation, with a return of “No property found” on an execution on its judgment. The bill al*576leges that the capital stock of said corporation was increased to $200,000.00 and that said increased stock was sold to appellants, P. T. Vaughn and E. E. Bryant, at fifty cents on the dollar, said corporation having issued a circular, offering to sell said stock at that discount.
There was a severance…
2Cases cited13 opinions
- Hollins v. Brierfield Coal & Iron Co.Supreme Court of the United States · 1893
- Scovill v. ThayerSupreme Court of the United States · 1882
- Sawyer v. HoagSupreme Court of the United States · 1873
- Webster v. UptonSupreme Court of the United States · 1876
- Elyton Land Co. v. Birmingham Warehouse & Elevator Co.Supreme Court of Alabama · 1890
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3Cited by11 opinions
- Spencer v. AndersonCalifornia Supreme Court · 1924
- Joy v. GodchauxCourt of Appeals for the Eighth Circuit · 1929
- Lovell v. SmithSupreme Court of Alabama · 1936
- McAllister v. American Hospital Ass'nOregon Supreme Court · 1912
- Shugart v. MaytagSupreme Court of Iowa · 1920
6 more not listed; retrieve them via the Exa API.