Millen v. Guerrard
Supreme Court of Georgia
Railroads. Stock. Estates. Wills. Before Judge Fleming. Chatham County. At Chambers. September 15th, 1881. To the report contained in the decision, it is only necessary to add the following: About the first of June, 1881, the directors of the Central Railroad passed the following preamble and resolutions : “Whereas, the great depression in all business throughout the country, from the year 1873 to 1877, caused so large a falling off in the receipts of the Central Railroad…
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Railroads. Stock. Estates. Wills. Before Judge Fleming. Chatham County. At Chambers. September 15th, 1881. To the report contained in the decision, it is only necessary to add the following: About the first of June, 1881, the directors of the Central Railroad passed the following preamble and resolutions : “Whereas, the great depression in all business throughout the country, from the year 1873 to 1877, caused so large a falling off in the receipts of the Central Railroad and Banking Company of Georgia as to render it necessary to withhold for the time all dividends from the stockholders, in…
1Opinion of the Court
Jackson, Chief Justice.
Certain shares of Central and Southwestern Railroad stock were left by the will of Mrs. Millen to Guerrard, in trust for George R. Millen and his children, the income to be paid to Millen during life and remainder to his children, with contingent remainder over in the event of their death.
After probate of this will, the directors of the Central Railroad Company declared a dividend in certificates of indebtedness (in addition to a cash dividend) of $40.00 per share on the Central and. $32.00 per share on the Southwestern stock, the Central Railroad having leased the…
2Cases cited4 opinions
- Minot v. PaineMassachusetts Supreme Judicial Court · 1868
- Waring v. Mayor of SavannahSupreme Court of Georgia · 1878
- Commonwealth v. GeeMassachusetts Supreme Judicial Court · 1850
- Clarkson v. ClarksonNew York Supreme Court · 1855
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