Bank of Virginia v. Adams
Pennsylvania Court of Common Pleas, Philadelphia County
This was a bill in equity, filed by the “Bank of Virginia” against Thomas Adams and thirty-three others, naming them, in which it was stated that the plaintiffs sued in behalf of themselves and all other creditors of the “Rappahannock Mining Company,” who should come in and contribute to the expense of the suit; that by an act of the legislature of Yirginia, passed on the 6th of January, 1834, entitled, “An Act to incorporate the Rappahannock Mining Company,” which* was set…
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This was a bill in equity, filed by the “Bank of Virginia” against Thomas Adams and thirty-three others, naming them, in which it was stated that the plaintiffs sued in behalf of themselves and all other creditors of the “Rappahannock Mining Company,” who should come in and contribute to the expense of the suit; that by an act of the legislature of Yirginia, passed on the 6th of January, 1834, entitled, “An Act to incorporate the Rappahannock Mining Company,” which* was set out verbatim in the bill, certain persons therein named were incorporated under the name of the “Rappahannock Mining…
1Opinion of the Court
The following opinion was delivered by
King, President. —
In considering this case, we will first 'regard it as if the bill had been filed by the creditors of a Pennsylvania corporation, containing all formal requisites, and 'having for its object the compelling the stockholders thereof to pay certain unsatisfied instalments of the capital stock unpaid by them, in order to raise the necessary means for the liquidation of corporation debts. Which instalments of capital stock had not been paid into the cor*541poration treasury, in consequence of tbe neglect or refusal of the directors of the company…
2Cases cited3 opinions
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- Spear v. GrantMassachusetts Supreme Judicial Court · 1819
- United States v. Libellants & of the Schooner AmistadSupreme Court of the United States · 1841
3Cited by13 opinions
- Pennsylvania State Chamber of Commerce v. TorquatoSupreme Court of Pennsylvania · 1956
- Pennsylvania Railroad v. BogertSupreme Court of Pennsylvania · 1904
- Schrader v. HeathSupreme Court of Pennsylvania · 1962
- Madden v. Penn Electric Light Co.Supreme Court of Pennsylvania · 1897
- Kingsley International Pictures Corp. v. BlancSupreme Court of Pennsylvania · 1959
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