Atwater v. Elkhorn Valley Coal-Land Co.
Appellate Division of the Supreme Court of the State of New York
Cross-appeals by the plaintiffs, William C. Atwater and others, and by the defendants, Elkhorn Valley Coal-Land Company and others, from parts of a judgment of the Supreme Court in favor of the plaintiffs, entered in the office of the clerk of the county of New York on the 31st day of July,' 1917, as resettled by an order entered in said clerk’s office on the same day. * The judgment was entered upon the decision of the court after a trial at the New York Special Term.
1Opinion of the Court
Laughlin, J.:
This is an action by minority stockholders of the Elkhorn Valley Coal-Land Company, defendant, a West Virginia corporation, in the right of the company to compel the presidents and secretaries of the company to account for moneys drawn as salaries from October, 1910, to October, 1916, claimed to have been both illegal and excessive.
The salary of the president was increased October 1, 1915, *255from. $2,500 to $3,600 per annum, and the salary of the secretary was increased at the same time from $1,200 to $1,500 per annum. The defendant Andrews was president of the company and owned a…
2Cases cited11 opinions
- Trustees v. GreenoughSupreme Court of the United States · 1882
- Munson v. Syracuse, Geneva & Corning R. R. Co.New York Court of Appeals · 1886
- Godley v. . Crandall Godley Co.New York Court of Appeals · 1914
- Jacobson v. . Brooklyn Lumber Co.New York Court of Appeals · 1906
- Grant v. Lookout Mountain Co.Tennessee Supreme Court · 1894
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3Cited by12 opinions
- Cole Real Estate Corp. v. Peoples Bank & Trust Co.Indiana Court of Appeals · 1974
- Eshleman v. KeenanCourt of Chancery of Delaware · 1936
- Simpson v. SpellmanMissouri Court of Appeals · 1975
- Earl v. BrewerAppellate Division of the Supreme Court of the State of New York · 1936
- Eshleman v. KeenanCourt of Chancery of Delaware · 1936
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