Easterby v. Southern G-F Co.

Gilbert, Justice.

Frank C. Easterby and L. G. Mumaw filed, on behalf of themselves and other alleged stockholders, a petition against the Southern G-F Company, a corporation, and C. D. Schwarts and Louis Aronstam, officers and directors of that corporation, in which they alleged certain ultra vires acts of the corporation through Schwarts and Aronstam, and in 'which they prayed for an accounting and judgment in favor of the corporation against Schwarts and Aronstam with respect to certain loans alleged to have been illegally made by those officers to themselves; that pending the determination…