Supreme Court of Louisiana November 15, 1866 (MaCauly v. Robinson)

Labatjve, J.

The Mississippi Sound Company, now declared insolvent, and represented by plaintiff as commissioner, was organized under the act approved March 14, 1855, as a jn'ivate corporation; the defendant subscribed to forty shares of $50 each, making an aggregate sum of $2,000, on which he paid $600.