Roberts v. Berdell
New York Supreme Court
APPEAL by the defendant from a judgment entered upon the report of a referee. The action was brought for the conversion of certain bonds. The referee found the following facts, viz : That on the 7th of February, 1860, Alfred B. Seymour was the owner and possessed of four bonds of the Long Dock Company, a corporation organized under the laws of the State of Eew Jersey.
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APPEAL by the defendant from a judgment entered upon the report of a referee. The action was brought for the conversion of certain bonds. The referee found the following facts, viz : That on the 7th of February, 1860, Alfred B. Seymour was the owner and possessed of four bonds of the Long Dock Company, a corporation organized under the laws of the State of Eew Jersey. Such bonds were each given for the sum of $1000, and were numbered respectively Eos. 100, 154, 205 and 207. Such bonds bore interest at the rate of seven.per centum per annum, payable semi-annually, on the first days of June and…
1Opinion of the Court
By the Court, Geo G. Barnard, J.
In 1866, the defendant was the vice president of the Long Dock Company. One Alfred B. Seymour was a contractor with them for building a tunnel under Bergen Hill. Seymour’s contract provided that he should be paid, partly, in the bonds of the company, by the defendant, who was acting president, upon Seymour’s requisitions on the company. The *39company was trying to negotiate a large amount of its bonds, for n early par, and for the purpose of keeping them out of the market, pending the negotiation, the defendant promised Seymour to loan him, of his individual…
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