Overland Sioux City Co. v. Clemens
Supreme Court of Iowa
Appeal from Polk- District Court. — -Hubert Utterback, Judge. Action at law by the Overland Sioux City Company,, Incorporated, against R. J. Clemens; and another action at law by the same company against Ashton Clemens was begun, and later consolidated.
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Appeal from Polk- District Court. — -Hubert Utterback, Judge. Action at law by the Overland Sioux City Company,, Incorporated, against R. J. Clemens; and another action at law by the same company against Ashton Clemens was begun, and later consolidated. A demurrer on the ground that the facts stated in each division of each petition did not entitle plaintiff to the relief prayed, was sustained, and, as the plaintiff refused to plead over, judgment was entered, dismissing the petition; and plaintiff appeals. F. H. Clark began an action at law against Ashton Clemens, and another against R. J.…
1Opinion of the CourtLadd, J.
The plaintiff was organized as a, corporation, July 1, 1914, with capital stock of $25,000, divided into 250 shares, of the par value of $100 each. To each of the defendants was issued a certificate for 50 of these shares, and the remaining stock went to R. W. Schutt and -F. H. Clark. These four became directors and officers of the company. Its fiscal year ended July 1st of each year, and the revenue department of the government permitted it to make annual reports for the assessment of taxes to that day of each year. On July 1, 1917, the company had on hand, as net earnings, $17,084.73,,' and…
2Cases cited4 opinions
- Farmers' & Merchants' Bank v. WassonSupreme Court of Iowa · 1878
- Davenport Gas Light & Coke Co. v. City of DavenportSupreme Court of Iowa · 1863
- Updegraft v. EdwardsSupreme Court of Iowa · 1877
- Jones v. BrunskillSupreme Court of Iowa · 1864
3Cited by3 opinions
- State Ex Rel. Schlegel v. MunnSupreme Court of Iowa · 1933
- Dean v. AtkinsonSupreme Court of Iowa · 1926
- Goldsberry v. GoldsberrySupreme Court of Iowa · 1934