115 N.Y.S. 918 | N.Y. App. Div. | 1909
: Plaintiff appeals from an order denying his motion for an injunction pendente lite. It appears from the complaint and moving papers, and is not denied, that the defendant Amodio F. Piazza, having received a certain concession or contract from the government of nicaragua, assigned it to the defendant Central American Growers and ’Transportation Company, a South Dakota corporation, for which said company issued to him 5,100 shares of its capital stock. The said company then offered for sale what it termed the “First Block" of stock, consisting of 900 shares, under what it denominated a “Rule,” which it was provided should govern such sale. This rule provided that each purchaser of stock from the first block should receive a bonus consisting of a pro rata share of sixty per cent of the 5,100 shares issued to said Piazza upon condition that such purchaser agreed to deposit said bonus in a trust company to be selected by
Sic. See S. D. Civ. Code, § 434.— [Rep.