American Trust Co. v. Vandertuuk

Suit was brought in the Chicot Chancery Court by the appellant against the appellees, who were the stockholders of the Holland-Delta Company, a corporation organized under the laws of the State of Delaware, on December 14, 1915, with a capital stock of $500,000, divided into shares of $100 each. The capital stock was afterwards increased to $1,000,000.

The agreement of counsel contains the following paragraph: “That the sole business of Holland-Delta Company was the operation of two large cotton plantations, one in East Carroll Parish, ■ Louisiana, and one in Chicot 'County, Arkansas, and the…