Woodbine Savings Bank v. Shriver

On May 6, 1891, the.plaintiff-appellee was incorporated as a savings bank under the laws of Iowa.. Thereafter, at the expiration of the charter thus granted, the appellee was re-incorporated May 11, 1911. The capital stock of the appellee bank was increased in February, 1920, from $30,000 to $50,000. At that time the defendant-appellant owned 26 shares of this stock.

Appellant’s stock was obtained upon three different occasions as follows: 10 shares on May 18, 1891; 10 shares on April 16, 1906; and 6 1/6 shares on February 14, 1917. For some reason there was later a reissuance of the…