J. H. Lane & Co. v. Maple Cotton Mills

226 F. 692, 1915 U.S. App. LEXIS 2245
Court of Appeals for the Fourth Circuit·Decided September 14, 1915·No. Nos. 1362-1364·Published·Cited by 6 cases

Opinion

WOODS, Circuit Judge.

This appeal is from a decree of the District Court refusing to> set aside, at the instance of J. H. Lane & Co. and John M. Tallman, minority stockholders, a sale of the Dillon Cotton Mills, Maple Cotton Mills, and Hamer Cotton Mills, made in pursuance of a resolution of the stockholders. J. H. Lane & Co. owned 66 shares, of the par value of $6,600, in the Maple Cotton Mills, 40 shares, of the par value of $4,000, in the Hamer Cotton Mills, and none in the Dillon Cotton Mills. John M. Tallman owned 10 shares, of the par value of $1,000, in the Maple Cotton Mills, 30 shares, of the par value of $3,000, in the Dillon Cotton Mills, and none in the Hamer Cotton Mills. The aggregate capital stock of the three mills was $344,800, and the aggregate holdings of Lane & Co. and Tallman in the three mills was $14,600, about one twenty-third of the whole. The Dillon Cotton Mills and Maple Mills were located at Dillon, and the Hamer Mills at Hamer, about six miles distant. W. M. hlamer was president oí all of them. The following statements of the condition of the mills, taken from the books, were submitted by the president to the stockholders at a joint meeting, March 29, 1911:

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ZKD5ofUvtQYARHHEdSt+fNHiwmTCZFYe3Gxnwdtkoy/GFmObtj8CKPdkbGfRHOt5lxKAT8+6wUbDd3sDc0RvgWZzwI5FWrSVjG16dg3i8UEVMebjC0AUVQZUt9bK6c8awEAEOp4DCB4DTxT15DUN4EsKNPVmgiXW6Hb+RAHzzLFKW7UTIi5wHZNIxDQXaClRTPMFlpSZtevD7qHD8A4Zk0IeuPBIQHAT91ROgdHbx6Hz8vtRA1D5vmtSq1Kgx+u/2mkfJQnTfJs7am2WiDmWWUnbCS9zhlcws2ZeclKukWubo0jJ07VZJtZPPecaOihCikn7c4Nq35ofSfHBgMyyTkXMt37NLWUIlSn3UVIcqGlIFXa9f95SS7QwqdVMkJKlIHCGTIHRTGDXOaRTyYa764bj0V57+pFTd8JvV6NHH8HEw+94CR8CjxDTBqJ3dYoKV+nkXdIJAGvGGuNxGJVCBO1fh4AZguYwnydPcm0Ki

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J. H. Lane & Co. v. Maple Cotton Mills, 226 F. 692, 1915 U.S. App. LEXIS 2245 (4th Cir. 1915).

226 F. 692 (J. H. Lane & Co. v. Maple Cotton Mills) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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