Allen v. Martin
Mississippi Supreme Court
Appeal from the Chancery Court of Hinds County. Hon. E, G. Peyton, Chancellor. On February 28, 1854, a company was chartered with a capital stock of fifty thousand dollars to improve and manage as a place of public resort a medicinal well located on a tract of eight hundred acres of land which the corporators owned in Hinds County, Mississippi.
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Appeal from the Chancery Court of Hinds County. Hon. E, G. Peyton, Chancellor. On February 28, 1854, a company was chartered with a capital stock of fifty thousand dollars to improve and manage as a place of public resort a medicinal well located on a tract of eight hundred acres of land which the corporators owned in Hinds County, Mississippi. Most of the stock was subsequently purchased by Eugene Martin and others, called the “ Cooper’s Well Company,” who filed a bill against the original shareholders for partition, and on September 14, 1882, the Chancellor decreed a sale for this purpose.…
1Opinion of the CourtCooper, J.
The objections interposed to the confirmation of the sale are four: first, because the lands were sold at a grossly inadequate price; second, because an agreement was made between the purchaser and several of the parties in interest in the land, that in the event the property should be bought by the individual who subsequently did buy, these persons should have the option to pay a proportionate part of the amount bid, and upon so doing should retain the same interest in the lands as that which they before had held; third, because by reason of a belief existing in the minds of the public that…
2Cases cited6 opinions
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1 more not listed; retrieve them via the Exa API.
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