Northern Liberty Market Co. v. Kelly
Supreme Court of the United States
IN EBROE TO- THE SUPREME COURT OE THE DISTRICT OE COLUMBIA. This was a writ of error to reverse a judgment for the defendant in an action brought on April 4,1884, by a corporation formed for the purpose of erecting a markeChouse in the city of Washington and carrying on a marketing business , there, upon twenty promissory notes made by him to the plaintiff, dated January 1, 1875, for $171.05 each, two payable m fifty-two months, two in fifty-eight months, two in sixty-four…
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IN EBROE TO- THE SUPREME COURT OE THE DISTRICT OE COLUMBIA. This was a writ of error to reverse a judgment for the defendant in an action brought on April 4,1884, by a corporation formed for the purpose of erecting a markeChouse in the city of Washington and carrying on a marketing business , there, upon twenty promissory notes made by him to the plaintiff, dated January 1, 1875, for $171.05 each, two payable m fifty-two months, two in fifty-eight months, two in sixty-four months, and two at the end of each succeeding six months, the last two being payable in one hundred and six months after…
1Opinion of the CourtJustice Gray
He recited the facts as above stated, and continued:
The plaintiff insists that the original notes were valid, because a corporation, empowered to hold and convey real estate for the objects of its incorporation, may convey an estate in fee or any less estate in lands which it has purchased, and may therefore make a valid lease of them for any term of years, though extending beyond the limit of its corporate existence. But it is unnecessary to express a definitive opinion upon that point, because it is agreed in the case stated that the defendant gave, in compromise of the original twenty…
2Cases cited2 opinions
- Morville v. American Tract SocietyMassachusetts Supreme Judicial Court · 1877
- Riggs v. HawleyMassachusetts Supreme Judicial Court · 1875
3Cited by11 opinions
- National Bank of Commerce of Kansas City, Mo. v. RockefellerCourt of Appeals for the Eighth Circuit · 1909
- Armijo v. HenryNew Mexico Supreme Court · 1907
- Hoyt v. WickhamCourt of Appeals for the Eighth Circuit · 1928
- McAtee v. ShadeCourt of Appeals for the Eighth Circuit · 1910
- Thomas G. McCoy v. Alden Industries, Inc.Court of Appeals of Texas · 2015
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