Joseph P. Bradley

“ If a corporation has by negligence canceled a person's stock, and issued certificates therefor to a third party who has purchased it from one not authorized to sell it, is the true owner bound to pursue such purchaser, or may he directly call upon the corporation to do him right and justice by replacing his stock, or paying him for its value? ”

“ The supreme court, on appeal, dismissed the action for want of proper parties; holding that the persons having possession and claiming to be the owners of the stock should be made parties, because their adverse right could not be disposed of in a suit in which they were not parties; that the ground work of the plaintiff's action was the ownership of the stock; that if she was not owner of the stock she could not claim the dividends ”

“ Romes sued the company for the dividends accruing on said stock, and by judgment rendered in June, 1868, recovered the dividends for 1848, 1849, 1852, and 1853; that in April, 1876, the present complainant, as owner of said shares, instituted a suit in the superior district court of New Orleans against the appellee, which was ended by a nonsuit in 1882. The bill then states the amount of dividends declared by the defendant since 1853, and prays relief as above stated. The defendant, in its answer, admits that the Widow de St. Romes was owner of stock from 1845 to 1853 ”