MIZE, District Judge.
Plaintiff is a corporation organized and existing under the laws of the state of Mississippi and is engaged in storing cotton for hire, doing a warehouse business.
The stockholders of the corporation on June 6, 1933, passed and adopted the following resolution:
"It appearing to the stockholders of this company that it has accrued storage charges amounting to more than $85,000.00 secured by cotton in storage and loose cotton in...
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