Booth v. Union Fibre Co.
Supreme Court of Minnesota
Action in the district court for Winona county to recover the value of ten shares preferred stock of defendant corporation and cumulative dividends thereon. From an order, Catherwood, J., overruling its demurrer to the complaint, defendant appealed.
1Opinion of the Court
Dibell, C.
Action to compel the defendant to redeem certain of its preferred stock and to pay dividends accumulated thereon. The defendant demurred, its demurrer was overruled, and it appeals.
The defendant was incorporated under the laws of Minnesota in 1906. Its authorized capital stock was $500,000, divided into $300,000 common and $200,000 preferred. Its articles provided that the preferred stock *8should receive such dividends and should be subject to such conditions as the by-laws should prescribe. The by-laws provided that the preferred stock should receive a six per cent cumulative…
2Cases cited5 opinions
- Heller, Hirsch & Co. v. National Marine BankCourt of Appeals of Maryland · 1899
- Vent v. Duluth Coffee & Spice Co.Supreme Court of Minnesota · 1896
- Cass v. Realty Securities Co.Appellate Division of the Supreme Court of the State of New York · 1911
- Browne v. St. Paul Plow WorksSupreme Court of Minnesota · 1895
- Hilson Co. v. State Board of AssessorsSupreme Court of New Jersey · 1911
3Cited by11 opinions
- Koeppler v. Crocker Chair Co.Wisconsin Supreme Court · 1930
- Booth v. Union Fibre Co.Supreme Court of Minnesota · 1919
- In Re Culbertson'sCourt of Appeals for the Ninth Circuit · 1932
- Ammon v. Cushman Motor WorksNebraska Supreme Court · 1935
- Sherman v. Pepin Pickling Co.Supreme Court of Minnesota · 1950
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