Woods v. Consolidated Newspapers

Opinion of the Court by

Chief Justice Stites

Affirming.

This is an appeal from an order of the Carroll Circuit Court overruling appellant's motion for the appointment of a receiver. The appellant, M. L. Woods, holds nine shares of cumulative preferred capital stock (of a par value of one hundred dollars a share) of the Consolidated Newspapers, Incorporated, a company organized under the laws of the State of Delaware, of which N. A. Perry is president, and his wife, A. B. Perry, is secretary and treasurer. The only asset of the company is a printing plant located at Carrollton, Kentucky. It is…