Walker v. Wait
Supreme Court of Vermont
Assumpsit on a promissory note dated November 21, 1867, whereby, for value received, The Londonderry Water Power Association promised to pay to the order of Avery B. Stowell three hundred dollars on demand, with interest annually, — signed, A. M. Albee, Treasurer. Pleas, the general issue and Statute of Limitations. There were thirty-three defendants, and said Stowell and David Arnold were among them.
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Assumpsit on a promissory note dated November 21, 1867, whereby, for value received, The Londonderry Water Power Association promised to pay to the order of Avery B. Stowell three hundred dollars on demand, with interest annually, — signed, A. M. Albee, Treasurer. Pleas, the general issue and Statute of Limitations. There were thirty-three defendants, and said Stowell and David Arnold were among them. The plaintiff introduced evidence tending to prove, that in the fall of 1866, a man from Massachusetts came to Londonderry and wanted to go into the business of manufacturing woolen goods there…
1Opinion of the Court
The opinion of the court was delivered by
Barrett, J.
The association is not a corporation, but is a voluntary association for the purpose designated. It was formed for the purpose of becoming the owner of the described water power, and of putting it into condition for use, by doing the things specified ; and the associates were to have individual interest respectively in the property, and the income of it, in the proportion of the contribution of each towards the sum required to purchase the property, and to put it in the proposed condition. By the nature of the association, the relation of…
2Cases cited2 opinions
- Norton v. DownerSupreme Court of Vermont · 1843
- Ormsbee v. KidderSupreme Court of Vermont · 1875
3Cited by18 opinions
- Dunbar v. Farnum WifeSupreme Court of Vermont · 1937
- Caswell v. Maplewood GarageSupreme Court of New Hampshire · 1930
- In re BertenshawCourt of Appeals for the Eighth Circuit · 1907
- Thompson v. LoweIndiana Supreme Court · 1887
- Haggett v. HurleySupreme Judicial Court of Maine · 1898
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