OPINION BY MR. CHIEF JUSTICE HORACE STERN, October 18, 1956:
This is an appeal from the grant of a preliminary injunction restraining the payment of a dividend to its stockholders by the Philadelphia Transportation Company.
The dividend in question — one of thirty cents on each share of the common stock of the Company, payable October 1, 1956, — was declared by the Board of Directors on August 28, 1956. The action thus taken was over the objection...
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