Hinkley v. Sac Oil & Pipe Line Co.
Supreme Court of Iowa
Appeal from Sac District Court.— Hon. F. M. Powers, Judge. Action for the amount paid for stock in tlie defendant company and to cancel said stock. Judgment and decree as prayed. The defendants appeal.
1Opinion of the Court
Ladd, J.—
Early in the year 1902 the defendant Petersmeyer and nine others met in Odebolt, Iowa, and there and *398then concocted a scheme by which a company was to be organized to engage in some enterprise, the means of which should be obtained by the sale of stock therein to the public, and of that remaining enough should be issued to themselves gratuitously to give them the control of its affairs. In pursuance of this design each contributed a few dollars to a fund out of which the expenses were borne of one of them to investigate the prospects of zinc mining in Arkansas and of another to…
2Cases cited29 opinions
- Upton v. TribilcockSupreme Court of the United States · 1875
- Handley v. StutzSupreme Court of the United States · 1891
- Newton Nat. Bank v. NewbeginCourt of Appeals for the Eighth Circuit · 1896
- Martin v. South Salem Land Co.Supreme Court of Virginia · 1896
- Hubbard v. WeareSupreme Court of Iowa · 1890
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3Cited by39 opinions
- Old Dominion Copper Mining & Smelting Co. v. BigelowMassachusetts Supreme Judicial Court · 1909
- Des Moines Bank & Trust Co. v. George M. Bechtel & Co.Supreme Court of Iowa · 1952
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- Smith v. Waterloo, Cedar Falls & Northern Railway Co.Supreme Court of Iowa · 1921
- Lex v. Selway Steel CorporationSupreme Court of Iowa · 1925
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