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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