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LUCAS v. PEMBROKE WATER COMPANY

135 S.E.2d 147 (1964)

205 Va. 84

C. A. LUCAS et al. v. PEMBROKE WATER COMPANY, Incorporated.

Supreme Court of Appeals of Virginia.

Rehearing Denied April 27, 1964.

Attorney(s) appearing for the Case

Arthur F. Kingdon, Bluefield, W. Va. (Andrew L. Farrier, Pearisburg, on brief), for appellants.

Alton I. Crowell, Pulaski (Crowell, Deeds & Nuckols, Pulaski, on brief), for appellee.

Before EGGLESTON, C. J., and SPRATLEY, BUCHANAN, WHITTLE, SNEAD, I'ANSON and CARRICO, JJ.

EGGLESTON, Chief Justice.

Pursuant to Code, § 13.1-78, Pembroke Water Company, Incorporated, a Virginia corporation, filed its bill in the court below to determine the fair value of the shares of stock of C. A. Lucas and others who had dissented from the sale of the corporation's entire plant and facilities to the Town of Pembroke. The bill alleged that on November 28, 1960, the board of directors of the corporation authorized and directed the sale of its entire...

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