Supreme Court of Alabama April 18, 1912 (State ex rel. White v. Citizens Light & Power Co.)

ANDERSON, J.

The relator’s case in the concrete, as set up in the amended complaint, is that, whether the new corporation did or did not comply with the formal requirements of the law in its organization, the purpose and effect of said organization was to evade the provisions of section 234 of the Constitution of 1901 against watering the stock of the existing corporation by organizing a new