Cordova Coal Co. v. Long
Supreme Court of Alabama
Appeal from the Chancery Court of Walker. Heard before the Hon. Thomas Cobbs. The material facts of this case, as shown by the bill and exhibits, are these.
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Appeal from the Chancery Court of Walker. Heard before the Hon. Thomas Cobbs. The material facts of this case, as shown by the bill and exhibits, are these. (1.) On. the 5th February, 1888, by-written contract between Benjamin M. Long and the New Orleans & Alabama Coal & Mining Company, a corporation organized under the general statutes, Long agreed to sell and convey to said corporation 12,000 acres of land in Walker-county, in consideration of which, as recited, the company “shall pay and deliver to said Long $50;000 in cash, $70,000-in bonds of the company, and $120,000 in stock of the…
1Opinion of the CourtMcCLELLAN, J.
We do not doubt that B. M. Long, appellee here, and complainant below, has all the rights against the consolidated Cordova Coal Company, with respect to the lands in controversy, that he originally could have asserted against the New Orleans & Alabama Coal & Mining Company. The first Cordova Coal Company appears to have been organized by Long at the instance of the New Orleans company, entirely for the purposes of consolidation between the two under the name of the newly organized company, and with a view to the acquisition of its larger powers. In substance, the transaction, so far as Long’s…
2Cases cited8 opinions
- Plowman v. RiddleSupreme Court of Alabama · 1848
- Frazee v. McChordIndiana Supreme Court · 1848
- Smith v. VaughanSupreme Court of Alabama · 1884
- Neel v. ClaySupreme Court of Alabama · 1872
- State v. MooneySupreme Court of Missouri · 1877
3 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Maddox v. Chilton Warehouse & Mfg. Co.Supreme Court of Alabama · 1911
- Campbell v. GoldthwaiteSupreme Court of Alabama · 1915
- Miller v. RuzickaNebraska Supreme Court · 1922
- Parrish v. HastingsSupreme Court of Alabama · 1893
- Bray v. BookerNorth Dakota Supreme Court · 1899
1 more not listed; retrieve them via the Exa API.