Cannon v. Wiscassett Mills Co.

Defendant, "Wiscassett Mills Company, is a corporation, duly organized under the laws of the State of North Carolina. It is engaged in business as authorized by its charter, in the town of Albe-marle, in Stanly County, North Carolina. Its eodefendants are directors,, of said corporation and constitute a majority of its board. Plaintiffs are stockholders of said corporation, and also members of its board of directors. The said corporation has been very successful in its business, and after paying dividends, both in cash and in stock, now has in its treasury, a surplus, made up of its…