American Tube & Iron Co. v. Baden Gas Co.
Supreme Court of Pennsylvania
Appeal, No. 23, Oct. T., 1894, by Hays et al., stockholders, defendants, from decree of C. P. No. 2, Allegheny Co., April T., 1888, No. 361, on bill in equity. Bill to enforce payment of stock subscription.
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Appeal, No. 23, Oct. T., 1894, by Hays et al., stockholders, defendants, from decree of C. P. No. 2, Allegheny Co., April T., 1888, No. 361, on bill in equity. Bill to enforce payment of stock subscription. The bill by the American Tube & Iron Co. and other plaintiffs named therein, sets forth that it was filed on behalf of themselves and such other creditors of the Baden Gas Co. as may unite with them, and alleges that the defendant, the Baden Gas Co., was organized under the provisions of the act of May 29,1885, authorizing the organization of natural gas companies; that its capital stock…
1Opinion of the Court
Opinion by
Mr. Justice Williams,
This bill was filed by creditors of the Bad.en Gas Company, a corporation organized under the act of 1885, known as the Natural Gas Act. The relief prayed for, and obtained under the decree appealed from, is an adjudication that the defendants are liable to the receiver for the amount of the capital stock of the Baden Gas Company subscribed for by each of them, and that they pay the same over in money for the benefit of the plaintiffs and other creditors of the corporation which is admitted to be insolvent. The defendants admit the fact that they were…
2Cited by6 opinions
- Clinton Mining & Mineral Co. v. JamisonCourt of Appeals for the Third Circuit · 1919
- Finletter v. Acetylene Light, Heat & Power Co.Supreme Court of Pennsylvania · 1906
- Farrell v. DavisOregon Supreme Court · 1916
- Gitt v. ZieglerCourt of Appeals for the Third Circuit · 1910
- In re L. M. Alleman Hardware Co.District Court, M.D. Pennsylvania · 1909
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