1. Specific Performance — Contracts Enforceable — Compelling Issuance of Proper Certificate of Stock.

A subscriber to the capital stock of a private corporation, after having fully paid for his shares therein, may compel the issuance of a proper certificate for the same by a bill in equity for specific performance of the contract for the shares.

2. Same — Subscription to Capital Stock — Actions to Compel Issu anee of Proper Certificate.

The owner of such shares, holding a certificate in which the number thereof is erroneously designated in the margin!* by a figure, and in the body of which? the number is correctly written, may maintain such a bill to compel the issuance of a correct certificate, on the refusal of the corporation to recognize and treat the certificate as one for the correct number of shares and assertion of its claim that the certificate is one for the smaller number, indicated by such figure.

3. Same — Subscription to StocTc — Issuance of Erroneous Certificate ■ — Action to Compel Corrections — Sufficiency of Bill.

In such a bill, it suffices to allege ownership of the shares,-er. ror in the certificate, refusal to pay dividends on it as one for the correct number of shares, denial of its validity as a certificate for such number and assertion of a claim that it is one for the smaller number, erroneously indicated by the figure, and pray an adjudication of complainant’s right to the shares she owns and compulsion of issuance of a correct certificate therefor and payment of dividends.

4. Same — Issuance of Certificate — Action to Compel Correction— Sufficiency of Bill.

Inability of the corporation to issue the shares, in such case, is matter of defense which the bill need not negative.

5. Same — Stoolc Certifícale — Suit to Compel Issuance of Correct Certificate — Laches.

In the absence of any element of estoppel, disclosed by the bill, the admission of complainant’s right in the certificate excuses delay in the application for relief, due to ignorance of denial of that right.

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How this case has been treated — in progress