136 Iowa 476 | Iowa | 1907
According to the petition, tbe articles of incorporation of tbe Dalbey Lumber Company, which are set out in connection with tbe petition, were adopted in May, 1905. ^One of the provisions of the articles is that tbe principal place of business of tbe corporation shall be at Shenandoah, Iowa, and that the corporation shall commence business as soon as the articles are filed for record as provided for by law. A further provision is that' “ the capital stock of the corporation authorized shall be $50,000, the amount of which to be issued at commencement of business shall be $20,000, which shall be actually paid up at the time.” A further provision is that the private property of stockholders
Recurring now to the petition, it is to be observed that there is no allegation pointing out in terms the specific matters on which the "claim for personal liability is made to rest. It is said in argument for appellant, however, that two grounds appear: (1) That in the organization of the corporation there was a failure to comply with the requirements of Code, section 1613, for that in the articles of in
In the case before us the error, if such it was, in the publication of notice, was one purely of omission. In re
The decree was correct; and it is affirmed.