Legal Opinion

McDaniels v. Flower Brook Manufacturing Co.

Supreme Court of Vermont

Decided January 15, 1850PublishedCited by 16 opinions

Appeal from the court of chancery. Isaac McDaniels preferred his bill, at the April Term, 1846, of the court of chancery, against the Flower Brook Manufacturing Company, a corporation constituted by the legislature of this state, in which he alleged, that the corporation, on the fifteenth day of December, 1842, was indebted to Lewis H. Delano in the sum of $7395,81, specified in three promissory notes, — the third note being for $2957,34, and made payable to Delano, or…

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Appeal from the court of chancery. Isaac McDaniels preferred his bill, at the April Term, 1846, of the court of chancery, against the Flower Brook Manufacturing Company, a corporation constituted by the legislature of this state, in which he alleged, that the corporation, on the fifteenth day of December, 1842, was indebted to Lewis H. Delano in the sum of $7395,81, specified in three promissory notes, — the third note being for $2957,34, and made payable to Delano, or order, in ten and a half months from date ; that, to secure these notes, the corporation mortgaged to Delano certain real…

1Opinion of the Court

The opinion of the court was delivered by

Redfield, J.

It is first to be determined, whether the mortgage deed, in this case, was so executed, as to convey the title of the corporation. Every member of th.e corporation is shown to have had the requisite notice of the meeting, at which it was voted to deed, unless the Allens and Blakely, who had had a small number of shares conveyed to them, by way of security for signing notes for the company, and who had pot attended the meetings of the company, or not generally, are to be regarded as entitled to notice. And we think, the pledgee of stock is…

2Cases cited5 opinions

  1. Isham v. Bennington Iron Co.Supreme Court of Vermont · 1847
  2. Payne v. HathawaySupreme Court of Vermont · 1831
  3. Corliss v. CorlissSupreme Court of Vermont · 1836
  4. Ex parte WillocksNew York Supreme Court · 1827
  5. In re BarkerNew York Supreme Court · 1831

3Cited by16 opinions

  1. Clifford v. West Hartford Creamery Co.Supreme Court of Vermont · 1931
  2. In re the Election of Directors of the Argus Printing Co.North Dakota Supreme Court · 1891
  3. Hook v. RichesonIllinois Supreme Court · 1886
  4. Darrow v. SummerhillTexas Supreme Court · 1899
  5. Stevens v. GoodenoughSupreme Court of Vermont · 1854

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