Cary v. Holt's Ex'ors
Supreme Court of Virginia
Appeal from the Law and Equity Court of the city of Richmond. Decree for plaintiffs. Defendant appeals.
1Opinion of the CourtSims, J.
The question before us in this case is, What proportion of the common stock of the Buchanan Coal and Coke Co., Inc., belongs to appellant and a'ppellees, respectively?
The business of the Buchanan Coal and Coke Co., Inc., was that of dealing in the purchase and sale of coal lands, including lands in fee and mineral, mining and surface rights pertaining to such lands. Its authorized capital stock was $500,000, of which $200,000 was authorized to be issued as preferred stock and $300,000 as common stock.
What proportion of said common stock belongs to appellant and what to appellees depends upon…
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