Page:Federal Reporter, 1st Series, Volume 3.djvu/745

 738 FBDEKAL BEFOBXEB. �ments of any debt of the corporation, made by any of îta stoekholders, to the amount due on his stock, and an addi- tional amount equal to the par value of his shareg. Corpo- rations under that statute may be dissolved — First, by the expiration of the time limited in its charter; second, by a judgment of dissolution rendered by a court of competent jurisdiction; and the state statute makes no provision for such a dissolution in any other mode. �Shares in the capital stock of the Fort Scott Coal & Min- ing Company, to the number alleged in the bill of complaint, are owned by the respective rçspondents ; and the complain- ants allege that the company was duly organized with a cap- ital of $200,000; that they carried on a very large and extensive business until the eleventh of April, 1874, when the Company, on the petition of certain creditors, was ad- judged bankrupt, and that the persons named in the record were appointed assignees of the company's estate; that they accepted their appointment, and received the usual convey- ance of the property and effeots of every kind and description belonging to the bankrupt company. Due proceedings were Bubsequently taken by the creditors to establish their claims, and they proved the same to the amounts specified in the bill; and the allegation is that since that time the company has not had any office or place of business in the state. Wheref ore, the complainants allege and charge that the cor- poration has become and is wholly dissolved, îind that the stoekholders have become and are liable, as well by the con- stitution as by the laws of the state, to pay the debts and lia- biljties of the company. Such is the substance of the ma- terial allegations of the bill, and the complainants pray that an account may be taken of the assets of the company, and the debts due to the complainants, and ail others who may become parties to the suit, and of the stock in fact held by the respondents, and of the amount which each should contribute towards the payment of such debts and liabilities. Service was made, and the respondents appeared and de- murred to the bill for the foUowing causes: First, that the complainants have not made such a case as entitles them to ����