North & South Street Railroad v. Spullock

Judgment affirmed, with direction.

The railroad company sued Spullock in a justice’s court upon his subscription to one share of its capital stock. ITe pleaded not indebted, and a special plea not here material. At the trial the plaintiff introduced the subscription obligation and list. The obligation was, that the undersigned subscribed to the capital stock of the company the number of shares set opposite their respective names, “each share to be paid in such instalments and at such times as may be decided by a majority of the stockholders, or board of directors or trustees empowered for the…