COLLINS v. PORTLAND ELECTRIC POWER CO.

Nos. E-8733, E-8738.

7 F.2d 221 (1925)

COLLINS v. PORTLAND ELECTRIC POWER CO. (KURTZ, et al. Interveners). KURTZ et al. v. PORTLAND ELECTRIC POWER CO. (COLLINS, Intervener.)

District Court, D. Oregon.

July 13, 1925.


Attorney(s) appearing for the Case

Cravath, Henderson & De Gersdorff, of New York City, and Bronaugh & Bronaugh, of Portland, Or., for Collins.

Joseph S. Clark, of Philadelphia, Pa., for Kurtz, Cowperthwait, and Chase.

Griffith, Peck & Coke, of Portland, Or., for defendant.


WOLVERTON, District Judge.

On March 27, 1925, the board of directors of the defendant company, by resolution duly adopted, declared: First, a dividend of one-half of 1 per cent. upon its second preferred stock for the year ending December 31, 1920; second, a like dividend upon such stock for the year ending December 31, 1921; and, third, a like dividend thereon for the year ending December 31, 1923. A previous dividend had been declared upon such second preferred...

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