Hasson

On March 7, 1907, the Ord Mountain Gold Company Avas an Arizona corporation, with a capital stock of one million shares of the par value of one dollar each. On that date, the directors held a meeting for the purpose of organization and issued four hundred and fifty thousand shares each to T. N. Hasson and George L. Hasson, respectively, and the remaining one hundred thousand to one Stead-man. Thereupon, the Hassons each undertook to donate back to the corporation íavo hundred and fifty thousand shares by means of the cancellation of the original certificates and the issuance of new certificates for the lesser number of shares then remaining to each donor. The original issue to the Hassons AAras made in consideration of the transfer of certain mining properties to the corporation. On March 15, 1907, the corporation issued to the defendant Gossman five thousand shares of stock, for which he paid $250. On March 11 and on April 30, 1907, issues totaling four thousand shares were made to the defendant Koeberle for the sum of two hundred dollars.

In 1914, the plaintiff obtained a judgment against the company for $7,518.92, and, the corporation being insolvent, execution thereon failed…