John Hancock Mutual Life Insurance v. Worcester, Nashua, & Rochester Railroad
Massachusetts Supreme Judicial Court
Contract to recover damages for the non-issue of shares of stock in exchange for bonds. Writ dated April 14, 1887. The case was submitted to the Superior Court, and, after judgment for the plaintiff, to this court, on appeal, on an agreed statement of facts, which so far as material is as follows.
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Contract to recover damages for the non-issue of shares of stock in exchange for bonds. Writ dated April 14, 1887. The case was submitted to the Superior Court, and, after judgment for the plaintiff, to this court, on appeal, on an agreed statement of facts, which so far as material is as follows. The Nashua and Rochester Railroad Company, a New Hampshire corporation, in 1872, prior to its construction, was leased for fifty years to the Worcester and Nashua Railroad Company, a corporation duly organized under the laws of that State and of this Commonwealth. The Nashua and Rochester Railroad…
1Opinion of the CourtHolmes, J.
The plaintiff is the holder of bonds which were issued by the Nashua and Rochester Railroad, and guaranteed by the Worcester and Nashua Railroad, and which gave the holder the right to convert them into stock of the former corporation, at par, at any time after the completion of its road, — all by express authority of special statute. The road has been completed, and since then the two railroad corporations have been consolidated under a statute authorizing it. The statute subjects the new corporation to all the contracts of the old, in terms to be stated. The plaintiff has made a demand upon…
2Cases cited2 opinions
- Pulllman's Palace Car Co. v. Missouri Pacific Railway Co.Supreme Court of the United States · 1885
- Abbott v. New York & New England RailroadMassachusetts Supreme Judicial Court · 1888
3Cited by12 opinions
- Fed. Sec. L. Rep. P 97,956 David Broad v. Rockwell International CorporationCourt of Appeals for the Fifth Circuit · 1981
- United Zinc Companies v. HarwoodMassachusetts Supreme Judicial Court · 1914
- Parkinson v. West End Street Railway Co.Massachusetts Supreme Judicial Court · 1899
- Craig Silver Co. v. SmithMassachusetts Supreme Judicial Court · 1895
- Day v. Worcester, Nashua, & Rochester RailroadMassachusetts Supreme Judicial Court · 1890
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