Steiner v. Parsons
Supreme Court of Alabama
Appeal from the City Court of Birmingham, in Equity. Heard before the Hon. H. A. Sharpe. The bill was filed by the appeilee, Parsons, against appellants, B. Steiner and the Birmingham, Powderly & Bessemer Street Railroad Company, a corporation, in his own behalf, as a stockholder, and in behalf of any other stockholder or stockholders in said corporation who choose to join as parties and contribute to the expense of the litigation.
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Appeal from the City Court of Birmingham, in Equity. Heard before the Hon. H. A. Sharpe. The bill was filed by the appeilee, Parsons, against appellants, B. Steiner and the Birmingham, Powderly & Bessemer Street Railroad Company, a corporation, in his own behalf, as a stockholder, and in behalf of any other stockholder or stockholders in said corporation who choose to join as parties and contribute to the expense of the litigation. It alleges that the defendant Steiner is a stockholder of the defendant the Birmingham, Powderly & Bessemer Street Railroad Company, a corporation organized under…
1Opinion of the CourtHaralson, J.
1. The bill in this case makes averments of fraud and usurpation against the defendant Steiner, as the president and managing officer of the defendant corporation, the Birmingham, Powderly & Bessemer Street Railroad Company, joined as a defendant, which, if true, call loudly for redress. It is filed by a stockholder, in his own behalf, and in behalf of all other stockholders of said corporation who may choose to make themselves parties complainant and agree to contribute to the expenses of the litigation. All the authorities agree that to justify a suit in this form the bill must show that…
2Cases cited11 opinions
- Dodge v. WoolseySupreme Court of the United States · 1856
- Brewer v. Proprietors of the Boston TheatreMassachusetts Supreme Judicial Court · 1870
- Phœnix Insurance v. MoogSupreme Court of Alabama · 1884
- Pickett v. PipkinSupreme Court of Alabama · 1879
- Davis v. GainesSupreme Court of the United States · 1881
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3Cited by17 opinions
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- King v. Livingston Manufacturing Co.Supreme Court of Alabama · 1915
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