Memphis & Charleston Railroad v. Grayson
Supreme Court of Alabama
Appeal from the Chancery Court of Madison. Heard before the Hon. Thomas Cobbs. The bill in this case was filed on the 31st August, 1882, by John "W. Grayson, a stockholder of the Memphis & Charleston Railroad Company, on behalf of himself and all other stockholders who might come in as parties with him, against the said corporation, and against the East Tennessee, Virginia & Georgia Railroad Company; and prayed the cancellation of a lease executed by the former to the latter…
Read the full summary
Appeal from the Chancery Court of Madison. Heard before the Hon. Thomas Cobbs. The bill in this case was filed on the 31st August, 1882, by John "W. Grayson, a stockholder of the Memphis & Charleston Railroad Company, on behalf of himself and all other stockholders who might come in as parties with him, against the said corporation, and against the East Tennessee, Virginia & Georgia Railroad Company; and prayed the cancellation of a lease executed by the former to the latter company, an account for the use of property under the lease, profits received &c., and an injunction to prevent a…
1Opinion of the CourtMcCLELLAN, J.
In June, 1877, the Memphis & Charleston Bailroad Company leased its road and equipment to the East Tennessee, Virginia & Georgia Bailroad Company, for a term of twenty years, to commence in July thereafter. In December, 1879 — the lessee in the meantime being in possession of the property — a modification of the original lease was agreed upon by and between the two companies. Both the original and amended leases were duly authorized and ratified by the stockholders of the M. & C. Company. The complainant was owner of stock in the lessor corporation at the time of these transactions, and his…
2Cases cited9 opinions
- Thomas v. Railroad Co.Supreme Court of the United States · 1880
- STANTON v. Embrey, AdministratorSupreme Court of the United States · 1877
- Pennsylvania Railroad v. St. Louis, Alton & Terre Haute RailroadSupreme Court of the United States · 1886
- Stout v. LyeSupreme Court of the United States · 1881
- Bowne v. JoyNew York Supreme Court · 1812
4 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Merritt v. American Steel-Barge Co.Court of Appeals for the Eighth Circuit · 1897
- American Mutual Life Insurance v. MasonIndiana Supreme Court · 1902
- Alabama Fidelity Mort. & Bond Co. v. DubberlySupreme Court of Alabama · 1916
- Jos. Joseph. & Bros. v. Hoffman & McNeillSupreme Court of Alabama · 1911
- George v. Central Railroad & Banking Co.Supreme Court of Alabama · 1893
8 more not listed; retrieve them via the Exa API.