Des Moines Gas Co. v. West
Supreme Court of Iowa
Appeal from Polk Circuit Court. The petition in this ease was filed August 31, 1875, and alleges that plaintiff was duly incorporated in 1864, with a capital stock of one hundred thousand dollars, represented by one thousand shares. The articles of incorporation limited the indebtedness of the company to twenty-five thousand dollars. The affairs of the company were managed by five directors, elected yearly.
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Appeal from Polk Circuit Court. The petition in this ease was filed August 31, 1875, and alleges that plaintiff was duly incorporated in 1864, with a capital stock of one hundred thousand dollars, represented by one thousand shares. The articles of incorporation limited the indebtedness of the company to twenty-five thousand dollars. The affairs of the company were managed by five directors, elected yearly. The petition charges that on the 25th of April, 1873, B. E. Allen was a director and president of plaintiff, and held eighty-five shares of stock in the company. Harry West was secretary,…
1Opinion of the CourtBeck, J.
a. corpora-of°stookfoidí er: trustee: fraud. I. The plaintiff, the Des Moines Gas Company, was organized as a corporation in 1864. Its capital stock was fixed by the articles of incorporation at one hundred thousand dollars, represented by one ° thousand shares, and the limit of its indebtedness at twenty-five thousand dollars. It assumed authority,, under Code, § 1059, “to make contracts, acquire and transfer-property, and to possess- the same power in such respects as private individuals.” The object of the incorporation was the construction of works and laying of pipes to supply the city…
2Cases cited6 opinions
- Merchants' Bank v. State BankSupreme Court of the United States · 1871
- Galveston Railroad v. CowdreySupreme Court of the United States · 1871
- Zabriskie v. Cleveland, Columbus, & Cincinnati RailroadSupreme Court of the United States · 1860
- Thompson v. LambertSupreme Court of Iowa · 1876
- Meads v. . the Merchants' Bank of AlbanyNew York Court of Appeals · 1862
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- State v. DesmondSupreme Court of Iowa · 1899
- Colonial Trust Co. v. Montello Brick WorksCourt of Appeals for the Third Circuit · 1909
- Keehn v. KeehnSupreme Court of Iowa · 1902
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