by John Marshall, Holbrook v. The Union Bank of Alexandria…
“ Each share represented an equal part of the whole capital, comprehending each description of road stock and of the money paid in; and there was nothing on the face of the certificate which was transferable, indicating that one share was more valuable than another. If, instead of obtaining the act of incorporation, the company had expired or been dissolved by consent, the shares would have been equal, and would have entitled the holders to equal portions of the whole capital. The dividends, during the continuance of the company, must have been equal. ”
