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211 I'oI:sI,Y-(;I.x
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Julg
~ ~ , 91, 1903.
C!orporg Lions.
(See opinion, rlugust 31, 1009. See opinion, ;\larch 91, 1010,
with references.)
Iron. S . ~ - \ r u ~S.
r , Ko~csrc;,S e c r e t m y of Ptctlc, dlbcrtly, iV. I'.:
Jlcar Sir.-- 1 h a r e your letters of the 81st nltimo anrl the 5th
instant, s i p c J 1):- X r . Feunell, in which yon reclue.t q o ~ i i n i o ~ l
as to thc scope of the deci~ionof the .lppellatc Di\i;ion i n People
e s rel. Eron-ne v. Koenig, i n relation to the right to file a certificate of incorpwation p r o ~ i c l i nthat
~ ccrtain clascs of stock shall
be deprived of voting power. T o n enclosc proposed certificates of
incorporation of 0. 1:. Leather P a r i n g Conlp~llyanrl Urban P u b
lishing Companyv. I n the fonner certificate it is proviclecl that
preferred stock alone is to have the right to rote and that the consent or fa^-orable vote of such rotinp- stock alone shaIl be
to a sale of the property of the compsiny a s an entirety. In the
other certificate i t is provided that the preferred stock shall have
no roting powers except on the question of the increase or reduction of the authorized preferred stock.