Farnsworth v. Muscatine Produce & Pure Ice Co.

The defendant corporation was organized about November, 1909, with $50,000 paid-up capital, and proceeded to build its plant. It did some business, in a small way prior to July 4, 1910, but had its opening on that date. About June 26, 1910, plaintiff called to see what defendant was paying for milk and cream. She and her husband were *172living on a farm and had no experience in investments in cor-' poration stocks. About July 13, 1910, some of the promoters or incorporators, being dissatisfied with the condition of the business, had a special report or statement made, from which it appeared that…