Belfast & Moosehead Lake R. R. v. Inhabitants of Brooks
Supreme Judicial Court of Maine
On report. Assumpsit to recover balance of amount subscribed by the defendants in the plaintiff railroad company’s stock. So much of the plaintiffs’ charter as is essential will be found in the opinion.
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On report. Assumpsit to recover balance of amount subscribed by the defendants in the plaintiff railroad company’s stock. So much of the plaintiffs’ charter as is essential will be found in the opinion. At a legal meeting of the defendants, held i pril 25,1867, called by a warrant signed by ‘ J. G. Morse, J. T. Collier, and A. G. Rose, selectmen of Brooks,’ in which was an article — ‘ To see if the town will loan its credit to aid in the construction of the Belfast & Moosehead Lake Railroad’ — the following resolve was passed on a vote taken by yeas and nays, — 102 voting yes, and 80 no:…
1Opinion of the CourtWalton, J.
The charter of the Belfast & Moosehead Lake Railroad Company, provides that cities and towns, interested in its construction, may, by a two-thirds vote, subscribe for stock therein ; and that such vote shall be obligatory upon such cities and towns, for the payment of the amount so subscribed. Special Laws of 1867, c. 380, § 19.
It will be noticed, that by the terms of this act, the obligation resting upon towns and cities to pay the amount subscribed by them is absolute; that the language of the charter is, that ‘ such vote shall be obligatory on said city or town for the payment of the…
2Cases cited1 opinion
- South School District v. BlakesleeSupreme Court of Connecticut · 1839
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