Railroad v. Sneed
Tennessee Supreme Court
FROM SHELBY. Appeal from Chancery Court of ■ Shelby County. STERLING PlERSON, Cll.
1Opinion of the CourtWilKes, J.
This is a bill to collect the balance of a subscription made by W. M. Sneed, in his lifetime, to the increased capital stock of the complainant company. There was a decree in the Court below for the amount claimed and costs, and defendants have appealed and assigned errors.
The contention is that the estate of W. M. Sneed is not bound for the subscription, inasmuch as it was ultra vires, illegal, and void. There is no-cross bill to recover back the amounts paid.
The railway company was organized April, 1886, under the general incorporation law of .1875, and on the twenty-fourth of May the…
2Cases cited7 opinions
- Scovill v. ThayerSupreme Court of the United States · 1882
- Handley v. StutzSupreme Court of the United States · 1891
- Pullman v. UptonSupreme Court of the United States · 1878
- First National Bank v. Gustin Minerva Consolidated Mining Co.Supreme Court of Minnesota · 1890
- American Tube Works v. Boston Machine Co.Massachusetts Supreme Judicial Court · 1885
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3Cited by6 opinions
- McCampbell v. Fountain Head RailroadTennessee Supreme Court · 1903
- Taylor v. Lounsbury-Soule Co.Supreme Court of Connecticut · 1927
- Hunter v. SwadleyTennessee Supreme Court · 1918
- Chicago Title & Trust Co. v. Central Republic Trust Co.Appellate Court of Illinois · 1939
- Pope v. Merchants' Trust Co.Tennessee Supreme Court · 1907
1 more not listed; retrieve them via the Exa API.