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MARBLE v. LATCHFORD GLASS CO.

Docket No. 25852.

205 Cal.App.2d 171 (1962)

22 Cal. Rptr. 789

W. BAIRD MARBLE, JR., et al., Plaintiffs and Appellants, v. LATCHFORD GLASS COMPANY et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Two.

June 27, 1962.

Attorney(s) appearing for the Case

Barrick, Poole & Olson for Plaintiffs and Appellants.

Burris & Lagerlof, Joseph J. Burris and John F. Bradley for Defendants and Respondents.

FOX, P.J.

Plaintiffs brought this action to enjoin the issuance of preferred stock by defendant Latchford Glass Company to holders of its common stock as a stock dividend. This is an appeal from an order requiring plaintiffs to post security under section 834 of the Corporations Code in the amount of $5,000 in order to pursue this representative suit.

At a meeting of the board of directors1 held on July 27, 1960, defendant Ingold...

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