GRAY v. ASPIRONAL LABORATORIES

No. 5034.

24 F.2d 97 (1928)

GRAY v. ASPIRONAL LABORATORIES et al.

Circuit Court of Appeals, Fifth Circuit.

February 8, 1928.


Attorney(s) appearing for the Case

Edgar Watkins and Mac Asbill, both of Atlanta, Ga. (Edgar Watkins, Jr., of Atlanta, Ga., on the brief), for appellant.

Walter T. Colquitt and Ben J. Conyers, both of Atlanta, Ga. (W. J. Laney, of Atlanta, Ga., on the brief), for appellees.

Before WALKER, BRYAN, and FOSTER, Circuit Judges.


BRYAN, Circuit Judge.

Appellant, a stockholder in appellee corporation, brought this suit, in her own behalf and in behalf of all other stockholders who might join with her as complainants, to recover the value of or cancel certain shares of capital stock that had been issued by the corporation to appellee H. N. Alford, its president.

In April, 1920, while the capital of the corporation amounted to 10,000 shares, of the par value of $10 per share, its stockholders...

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