Simmons v. Taylor

This is a bill by the receiver of an insolvent domestic manufacturing corporation to enforce certain stock subscription liabilities and to recover from the officers and directors for negligence, malfeasance .and mismanagemet of the corporate affairs, and for allowing debts to be incurred by the corporation beyond the amount of capital stock paid in.

The original bill was hied March 12th, 1896, against Taylor, Wellford and Ward, and alleged generally the chartering and inception of the corporation in 1887, and the election of officers under the -corporate name of the Wellford Manufacturing…