People v. Ruocco

It appears that the San Francisco Bay Toll Bridge Company owns and operates a certain bridge in the State of California pursuant to a franchise granted it by that State. It further appears that the San Francisco Bridge Securities Corporation was organized soley for the purpose of holding all of the common and preferred stock issued by the San Francisco Bay Toll Bridge Company and for issuing its own preferred and common stock share for share against the deposit of stock of said operating company. It is charged by the Attorney-General,that the defendants have offered for sale the common stock…