Georgia Reports Volume 97

Georgia Reports Volume 97

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 edition. Excerpt: ...under bond for title for the one in question. H. B. Strange and R. L. Moore, by H ines & Hale, for plaintiff. Brannen cfi Moore, contra. Simmons. (7. J.--1. Where a stockholder in a business corporation, the stock of which can never in any event be worth more than a given maximum value per share, and upon which no dividends as such can ever be declared, brought against the corporation and its directors an equitable petition seeking to restrain the latter from doing various acts alleged to be illegal and contrary to the charter and by-laws, and praying for other relief, and at the hearing of the application thereunder for an interlocutory injunction, the defendants tendered a bond, which, if given, would fully protect the plaintiff in all his legal rights in the premises, even if all his contentions of law and fact should at the final hearing prove to be correct and well taken, there was no abuse of discretion in passing an order the effect of which was to require these defendants to file such a bond, and to declare that upon this being done the injunction be denied. 2. Though the order passed in the present case was doubtless so intended, it does not plainly and unequivocally accomplish the result above indicated, and accordingly appropriate direction is given for its modification, and also as to the costs of this writ of error. Judgment aifirmcd, with direetion. February 7, 1896. Equitable petition. Before Judge Fish. Sumter-county. July 30, 1895. Glessner brought his petition for injunction and other equitable relief, against the seven individuals composing the board of directors of the Mutual Building and Loan Association of Americus, making that association also a party defendant in its corporate capacity. At the hearing more

Product details

  • Paperback | 306 pages
  • 189 x 246 x 16mm | 549g
  • United States
  • English
  • black & white illustrations
  • 1236882946
  • 9781236882943