Tompkins v. Sperry, Jones & Co.
Court of Appeals of Maryland
' Appeal from a decree of Circuit Court No. 2, of Baltimore City (Stockbridge, J.) In this case the promoters obtained options upon various properties for the benefit of the corporation, it being the basis óf all said options- and agreements that the value of said properties to the said' corporation, with an added cash capital of $ 500,000- was at the rate of $20 per barrel of annual output, and that, such properties should' be turned into said corporation at said rate.
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' Appeal from a decree of Circuit Court No. 2, of Baltimore City (Stockbridge, J.) In this case the promoters obtained options upon various properties for the benefit of the corporation, it being the basis óf all said options- and agreements that the value of said properties to the said' corporation, with an added cash capital of $ 500,000- was at the rate of $20 per barrel of annual output, and that, such properties should' be turned into said corporation at said rate. The promoters under these circumstances, were under obligations. (1) To select an independent board of directors and…
1Opinion of the CourtSchmucker, J.
This is an appeal from a decree of the Circuit Court No. 2, of Baltimore City, sustaining the appellee’s demurrer to and dismissing a bill filed by the appellants as Receivers of the Maryland Brewing Company of Baltimore City, hereinafter called “ The Company.” The purpose of the suit is to procure an account of certain bonds and the proceeds thereof which the bill alleges the appellees, Sperry & Jones, while occupying a fiduciary relation to the company and being in control of its corporate organization, caused to be overissued by it to themselves and which they and their co-appellees, who…
2Cases cited5 opinions
- Swift v. Smith, Dixon & Co.Court of Appeals of Maryland · 1886
- James Pott & Co. v. SchmuckerCourt of Appeals of Maryland · 1897
- Hooper v. Central Trust Co.Court of Appeals of Maryland · 1895
- Basshor v. DresselCourt of Appeals of Maryland · 1871
- Brehm v. Sperry, Jones & Co.Court of Appeals of Maryland · 1901
3Cited by24 opinions
- Old Dominion Copper Mining & Smelting Co. v. BigelowMassachusetts Supreme Judicial Court · 1909
- Old Dominion Copper Mining & Smelting Co. v. LewisohnSupreme Court of the United States · 1908
- McQuillen v. National Cash Register Co.Court of Appeals for the Fourth Circuit · 1940
- Carozza v. Federal Finance & Credit Co.Court of Appeals of Maryland · 1925
- Matthews v. Headley Chocolate Co.Court of Appeals of Maryland · 1917
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