Braddock Electric Railway Co. v. Bily
Superior Court of Pennsylvania
Appeal, No. 208, April T., 1899, by plaintiff, from judgment of C. P. No. 2, Allegheny County, Oct. Term, 1895, No. 424, on verdict for defendant. Opinion by Beeber, J. Assumpsit.
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Appeal, No. 208, April T., 1899, by plaintiff, from judgment of C. P. No. 2, Allegheny County, Oct. Term, 1895, No. 424, on verdict for defendant. Opinion by Beeber, J. Assumpsit. Before White, P. J. It appears from the evidence that the Braddock Electric Railway Company, the plaintiff in this case, was incorporated June 9, 1890, under the act of May 14, 1889. Some time after its incorporation and after a number of branches and extensions from its route had been made, Charles Bily, the defendant, subscribed for and paid the first instalment of $5.00 per share, on twenty shares of the capital…
1Opinion of the Court
Opinion by
Beeber, J.,
In February, 1891, the defendant subscribed to twenty shares of stock of the plaintiff company of the par value of $50.00 each, and at the time of the subscription paid an assessment of $5.00 per share upon them, amounting in all to $100. A short time thereafter he received notice of a second assessment of the same amount, to recover which assessment this suit was brought. Some time in February, 1893, a certificate of the plaintiff company for two shares of stock was delivered to the defendant, duly signed by the president and by the secretary with the corporate seal…
2Cases cited2 opinions
- Graff v. Pittsburgh & Steubenville RailroadSupreme Court of Pennsylvania · 1858
- Bedford Railroad v. BowserSupreme Court of Pennsylvania · 1864
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- In re Eureka Furniture Co.District Court, E.D. Pennsylvania · 1909
- Morris v. DunbarCourt of Appeals for the Third Circuit · 1910