The Nassau Bank v. . Jones
New York Court of Appeals
Appeal from judgment of the General Term of the Superior Court of the city of New York, entered upon an order made April 9, 1883, which affirmed a judgment in favor of defendants, entered upon a decision of the court on trial at Special Term.
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Appeal from judgment of the General Term of the Superior Court of the city of New York, entered upon an order made April 9, 1883, which affirmed a judgment in favor of defendants, entered upon a decision of the court on trial at Special Term. (Reported below, 17 J. & S. 498.) This action was brought against defendants as executors of the will of Daniel Jones to compel them to transfer and deliver to plaintiff fifty $1,000 bonds and one hundred and twenty-five shares of the stock of the Denver and Rio Grande Railroad Company, or to account for and pay over the value thereof and all interest…
1Opinion of the Court
Ruger, Ch. J.
The question involved in this case, as we regard it, is the right of a banking corporation chartered under the laws of this state to subscribe for the stock of a rail road corporation.
In the spring of 1879, the Denver and Rio Grande Railroad Company, being a corporation organized to construct railroads in Colorado and adjoining territories, with the view of raising money to extend its lines, published a circular, whereby it proposed in substance, to issue $5,000,000, of its bonds, in sums of $1,000 each, payable thirty years after date, with annual interest at seven per cent in…
2Cases cited6 opinions
- People ex rel. Attorney General v. Utica InsuranceNew York Supreme Court · 1818
- Bissell v. Michigan Southern & Northern Indiana Railroad CompaniesNew York Court of Appeals · 1860
- Levy v. . BrushNew York Court of Appeals · 1871
- Crocker v. . WhitneyNew York Court of Appeals · 1877
- Stover v. . FlackNew York Court of Appeals · 1864
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3Cited by25 opinions
- Dyer v. Broadway Central BankNew York Court of Appeals · 1930
- Jemison v. Citizens' Savings Bank of JeffersonNew York Court of Appeals · 1890
- Gause v. . Commonwealth Trust Co.New York Court of Appeals · 1909
- San Antonio Hardware Co. v. SangerCourt of Appeals of Texas · 1912
- Investment Company Institute v. CampDistrict Court, District of Columbia · 1967
20 more not listed; retrieve them via the Exa API.