Lanterna Rally

Author: Samuel Jones

Publisher: Forgotten Books

Published: 2016-12-17

Total Pages: 684

ISBN-13: 9781334659492

Excerpt from Reports of Cases Argued and Determined in the Superior Court of the City of New York: New York Superior Court Reports, Vol. 57; Jones and Spencer's Reports, Vol. 25 The defendant-corporation made a call upon its stockholders, generally, including the plaintiffs, of $50 per Share. In this call it was declared that any stockholder might assign, to the corporation, his Shares, and that in such a case, the corporation would issue to him a certificate for one-half of the number of Shares assigned, and the assignment should be in satisfaction of the call. The plaintiffs claimed in this action that such a call was not authorized by law, and was invalid be cause the Shares of the company had been before the call fully paid for, and were not assessable and the corporation was not authorized by law to take any thing but cash in payment for Shares. It, however, appears that if the plaintiffs were not liable to the threatened consequences of the call, they would not be injured by other shareholders acceding to the terms of the call. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.