Russell v. Henry C. Patterson Co.
Supreme Court of Pennsylvania
Appeal, No. 48, Jan. T., 1911, by Edwin H. Coane, C. Conde Freas and Bertram L. Kimball, from decree of C. P. No. 1, Phila. Co., Dec. T., 1909, No. 2,713, on bill in equity in case of Henry A. Russell v. Henry C. Patterson Company and Edwin H. Coane et al. Bill in equity for an injunction. Before Magill, J. The facts are stated in .the opinion of the Supreme Court.
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Appeal, No. 48, Jan. T., 1911, by Edwin H. Coane, C. Conde Freas and Bertram L. Kimball, from decree of C. P. No. 1, Phila. Co., Dec. T., 1909, No. 2,713, on bill in equity in case of Henry A. Russell v. Henry C. Patterson Company and Edwin H. Coane et al. Bill in equity for an injunction. Before Magill, J. The facts are stated in .the opinion of the Supreme Court. The court entered the following decree: ,, That the said Henry C. Patterson Company and its officers and directors and the said Edwin H. Coane, C. Conde Freas and Bertram L. Kimball, defendants, are hereby perpetually restrained…
1Opinion of the Court
Opinion by
Mr. Justice Mestrezat,
The Henry C. Patterson Company was incorporated January 20, 1904, under the laws of Pennsylvania, and is engaged in the lumber business. It has a capital stock of $50,000, divided into 500 shares of the par value of $100 each. From September 1, 1908, to the date of the hearing by the court below, the stock was held as follows: Edwin PI. Coane, 348 shares; C. Conde Freas, one share; Bertram L. Kimball, one share; and Henry A. Russell, 150 shares. The by-laws fixed the number of directors at four and the board is composed of the plaintiff and the three…
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