134 Mo. App. 183 | Mo. Ct. App. | 1908
This case is in the nature of a suit in equity against the Commercial Lead Company, a corporation, and the individual defendants as holders of unpaid shares of stock in it. Whether or not said defendants are the only stockholders of the company is nowhere stated in the record, but it seems they are not; for numerous other defendants were originally proceeded against and the suit dismissed later as to them for some reason not stated. The company was organized in the summer of 1903, with a capital stock of sixty thousand dollars. All the shares of the original capital stock were subscribed and fully paid, but in about six months the cash capital thus realized had been exhausted and the company was in debt sixty-two thousand dollars. The stockholders raised money to pay this indebtedness and put a surplus of twelve thousand dollars in the treasury for working capital and then increased the capital stock from sixty to one hundred thousand dollars. Still more money was needed, and
The judgment is affirmed.