Ward v. Griswoldville Manufacturing Co.
Supreme Court of Connecticut
This was a bill in chancery, brought by Roswell B. Ward and others, in their own behalf, and in behalf of such other creditors of the Griswoldville Manufacturing Company as might elect to become parties to such bill, against Thomas Griswold jr. and others, stockholders of that corporation, praying, the court to order and decree, that the defendants pay into the hands of a receiver an instalment of 60 per cent. upon their stock, or so much thereof as would be sufficient to…
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This was a bill in chancery, brought by Roswell B. Ward and others, in their own behalf, and in behalf of such other creditors of the Griswoldville Manufacturing Company as might elect to become parties to such bill, against Thomas Griswold jr. and others, stockholders of that corporation, praying, the court to order and decree, that the defendants pay into the hands of a receiver an instalment of 60 per cent. upon their stock, or so much thereof as would be sufficient to pay the debts of the plaintiffs and such other creditors as might elect to come in under the decree, to be applied by said…
1Opinion of the Court
Waite, J.,
the resolve incorporating the Griswoldville Manufacturing Company, provides, that “the capital stock of the corporation shall not exceed fifty thousand dollars”—“that a share of the stock shall be one hundred dollars”—“ and that the directors may call in the subscriptions to the capital stock, by instalments, in such proportions, and at such times and places, as they may think proper, giving such notice thereof as the by-laws and regulations of the company shall prescribe.”
There is a further provision, that “the stock, property and affairs of the corporation, shall be managed by not…
2Cited by28 opinions
- Scovill v. ThayerSupreme Court of the United States · 1882
- Sanger v. UptonSupreme Court of the United States · 1875
- Hatch v. DanaSupreme Court of the United States · 1880
- Turnbull v. PaysonSupreme Court of the United States · 1877
- Glenn v. WilliamsCourt of Appeals of Maryland · 1883
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