Dexter & Mason Plank Road Co. v. Millerd
Michigan Supreme Court
Case reserved from Washtenaw Circuit. This was an action of assumpsit brought originally before .•a Justice of the Peace of Washtenaw cormty, to recover of the defendant $237 50, being the amount claimed to be due the plaintiffs, upon the -defendant’s subscription of two hundred and fifty dollars to the capital stock of the Dexter and Mason plank road company.
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Case reserved from Washtenaw Circuit. This was an action of assumpsit brought originally before .•a Justice of the Peace of Washtenaw cormty, to recover of the defendant $237 50, being the amount claimed to be due the plaintiffs, upon the -defendant’s subscription of two hundred and fifty dollars to the capital stock of the Dexter and Mason plank road company. The plaintiffs became organized as a Corporation under the “ Act to provide for the formation of Companies to construct Plank Eoads,” approved April 8, 1851, and the defendant became a stockholder by subscribing for ten shares of the…
1Opinion of the Court
By the Court,
Green, P. J.
The question reserved for our opinion is, whether the plaintiffs can recover the amount of the assessments specified in the notices, or any of them, against the defendant.
Sec. 32 of the act referred to, (Laws 1851, p. 224,) provides as follows : “ The directors of any company incorpora-^ ted under this act, may require payment of the sums subscribed to the capital stock, at such times and in such proportions and on such conditions as they shall see fit, under penalty of the forfeiture of the stock and all previous payments thereon, if payment shall not be made by the…
2Cases cited3 opinions
- Andover & Medford Turnpike Corp. v. GouldMassachusetts Supreme Judicial Court · 1809
- Hartford & New-Haven Rail Road v. KennedySupreme Court of Connecticut · 1838
- New Bedford & Bridgewater Turnpike Corp. v. AdamsMassachusetts Supreme Judicial Court · 1811
3Cited by6 opinions
- Elderkin v. PetersonWashington Supreme Court · 1894
- Roennau v. WhitsonSupreme Court of Iowa · 1920
- Carson v. Arctic Mining Co.Michigan Supreme Court · 1858
- Atlantic Dynamite Co. v. AndrewsMichigan Supreme Court · 1893
- Carson v. Arctic Mining Co.Michigan Supreme Court · 1858
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