Case Name: Charles N. Keith et al v. The State of Ohio ex rel. William Mills et al.
Court: Supreme Court of Ohio
Jurisdiction: Ohio
Decision Date: 1925
Citations: 3 Ohio Law Abs. 723
Docket Number: No. 19141
Parties: Charles N. Keith et al v. The State of Ohio ex rel. William Mills et al.
Judges: Marshall, CJ., Jones, Matthias, Allen and Kinkade, JJ., concur. Robinson, J., not participating.
Reporter: The Ohio Law Abstract
Volume: 3
Pages: 723–724

Head Matter:
No. 954
No. 19141
Charles N. Keith et al v. The State of Ohio ex rel. William Mills et al.
Error to the Court of Appeals of Clark County.
313. CORPORATIONS—1. When articles of incorporation are amended pursuant to statutory authority, provisions may be made for preferred and common stock of different par values.
2. In voting for directors, where there are no restrictions or qualifications, voting power is one vote for each share, whether common or preferred.

Opinion:
DAY, J.
A corporation in amending its articles of incorporation pursuant to statutory authority may provide for preferred and common stock of different par values. When entitled to vote at an election for directors the voting power of all stock pursuant to Section 8636, General Code, is one vote for each share, whether common or preferred, there being no restrictions or qualifications thereof in the certificate of incorporation.
Judgment reversed.
Marshall, CJ., Jones, Matthias, Allen and Kinkade, JJ., concur. Robinson, J., not participating.