In the law relating to corporations, those persons are called the “promoters” of a company who first asso-ciate themselves together for the purpose of organizing the company, issuing its pro-spcctus, procuring subscriptions to the stock, securing a charter, etc. See Dickerman v. Northern Trust Co., 176 U. S. 181, 20 Sup. Ct. 311, 44 L. Ed. 423; Bosher v. Rlch-mond A H. Land Co., 89 Va. 455, 16 S. E. 360, 37 Am. St. Rep. 879; Yale Gas Stove Co. v. wilcox, 64 Conn. 101, 29 AU. 303, 25 L. R. A. 90, 42 Am. St. Rep. 159;. Densmore OI1 Co. v. Densmore, 64 Pa. 49
Source: Black's Law Dictionary 2nd Ed (1910)
