Stevens v. Davison
Supreme Court of Virginia
*In February, 18S4, the General Assembly of Virginia passed an act to incorporate the Alexandria and Washington Railroad Company, with authority to construct a railroad from Alexandria to the city of Washington, with a capital of three hundred thousand dollars, subject to all the provisions of the Code of Virginia applicable thereto.
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*In February, 18S4, the General Assembly of Virginia passed an act to incorporate the Alexandria and Washington Railroad Company, with authority to construct a railroad from Alexandria to the city of Washington, with a capital of three hundred thousand dollars, subject to all the provisions of the Code of Virginia applicable thereto. And it was provided in this act, that the said company should not permit the said road to pass into the exclusive possession' of any corporation without the limits of the Commonwealth of Virginia. In February, 1856, the General Assembly passed another act…
1Opinion of the Court
JOYNES, J.,
delivered the decree of the court:
*The court, without deciding whether or not it would have been competent to the stockholders of the Washington, Alexandria and Georgetown Railroad Company to make such a lease of their railroad as that in the proceedings mentioned, which is a question that does not arise in this cause, is of opinion that it was not competent for the board of directors of the said company, without the sanction of a lawful meeting of the stockholders, to make the lease in the proceedings mentioned: 1. Because a board of directors of a railroad company have no…
2Cited by13 opinions
- Pulliam v. AlerSupreme Court of Virginia · 1859
- Rathbone v. Gas Co.West Virginia Supreme Court · 1888
- Ashton v. PenfieldSupreme Court of Missouri · 1911
- State ex rel. Hadley v. People's United States BankSupreme Court of Missouri · 1906
- Kaplan v. BlockSupreme Court of Virginia · 1944
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