Kroener v. Pancoast

Final hearing.

This is a bill brought by certain minority stockholders, representing roughly about one-fifth of the stock of the Wakefield Water Company, against the respondents, asking that they be enjoined from issuing certain bonds of the said Wakefield Water Company, said bonds to be secured by a trust mortgage upon the property of said company.

The law applying to a situation such as is now before the Court seems well settled and the courts in this state have followed what appears to be the general weight of authority. If the facts present a situation involving merely matters dependent…