Carr v. Le Fevre
Supreme Court of Pennsylvania
Error to the District Court of Allegheny county. This was an action of debt by George Le Fevre against S. Watson Carr, to recover four bonds amounting to $2500, payable to John Thompson or bearer, issued by the Chartiers Coal Company, incorporated by the legislature of Pennsylvania.
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Error to the District Court of Allegheny county. This was an action of debt by George Le Fevre against S. Watson Carr, to recover four bonds amounting to $2500, payable to John Thompson or bearer, issued by the Chartiers Coal Company, incorporated by the legislature of Pennsylvania. The special verdict finds the following facts in th.e case: the capital stock of the company was not to exceed $200,000 in 10,000 shares of $20 each, and by the act of incorporation, it was provided that each stockholder shall be liable in his individual capacity for the debts and performance of all contracts…
1Opinion of the Court
The opinion of the court was delivered by
Lewis, C. J.
This is an action by the holder of several bonds of “ The Chartiers Coal Company” against a stockholder in said company, to recover a sum alleged to be due and unpaid on his subscription to the stock. The action is brought under that clause in the charter which declares that“ each stockholder shall be liable, in his individual capacity, for the debts and performance of all contracts entered into by said company to the amount of the balance unpaid on the stock of said stockholder, so that the subscribed stock of said company, whether paid in…
2Cited by8 opinions
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