District Court, D. Colorado October 10, 1911, No. 1,910 (In re Fifty Gold Mines Corp.)

LEWIS, District Judge.

The bankrupt was incorporated under the laws of this state in November, 1905, and on January 3d, 1906, its board of seven directors first met and organized, after each director had subscribed and paid for one share of the common stock of the company.

The articles of incorporation provided:

“Tlie capital stock of our said corporation is three million (3,000,000.