Allen v. Montana Refining Co.

The Montana Refining Company is a corporation organized under the laws of Delaware, and has complied with the laws of this state under which a foreign corporation is permitted to do business here. Its authorized capital is represented by 5,000 shares of preferred stock of the par value of $100 each, and 50,000 shares of common stock without any fixed par value. The preferred stock is entitled to twelve per cent dividends from the earnings, and to be redeemed on or after January 1, 1923, but the holder of preferred stock is not entitled to vote such stock or to participate in the management of…