Venner v. New York Central & Hudson River Railroad

Two actions are presented which may be considered together. One is brought by a minority stockholder of the New York Central and Hudson Biver Bailroad Company and the other is brought by minority stockholders of the Michigan Central Bailroad Company. In both it is sought to set aside, as ultrd vires and illegal, an agreement known as the “New York Central Lines Equipment Trust of 1913.” The actions are brought against each of said railroad companies and four other railroad companies affiliated with them, the Guaranty Trust Company named as.trustee in such agreement and certain individuals as…