West-End Narrow-Gauge Railroad v. Dameron
Missouri Court of Appeals
Appeal from St. Louis Circuit Court. Ultra vires_Daniels-v. St. Louis, Kansas Gity & Northern R. Go., 62 Mo. 43 ; Matthews v. SJcinlcer, 63 Mo. 329 ; 23 How. 381; 24 Conn. 159 ; 34 Vt. 144. Powers of corporations to purchase or assign subscription stock. — Hallowell et al. v. Hamlin, 14 Mass. 180; BanJc of Hartford v. Barry, 17 Mass. 97 White v. Syracuse, etc., R. Go., 14 Barb. 559.
1Opinion of the CourtHayden, J.
This is an .action founded upon a subscription made by the appellant to the capital stock of the Central Railroad Company. That company was organized under the general laws of this State, and by the terms of the subscription the appellant bound himself to pay five per cent of the amount subscribed in cash, and the remainder upon such terms as the board of directors might from time to time prescribe *415by ordinance, by-law, or resolution. The name of this company was afterwards changed to the “ St. Louis and Florissant Eailroad Company.” Instalments were called for by resolutions of the board of…
2Cases cited13 opinions
- Pacific Railroad v. SeelySupreme Court of Missouri · 1870
- Blair v. Perpetual InsuranceSupreme Court of Missouri · 1847
- Talmage v. . PellNew York Court of Appeals · 1852
- Gray v. StiverIndiana Supreme Court · 1865
- Matthews v. SkinkerSupreme Court of Missouri · 1876
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3Cited by1 opinion
- St. Louis Stoneware Co. v. PartridgeMissouri Court of Appeals · 1880