Bardstown & Louisville Railroad v. Metcalfe
Court of Appeals of Kentucky
CASE 28 — PETITION EQUITY cited Civil Code, secs. 30, 37; Rev. Stat., chap. 24, sec. 1; A Bibb, 17; 1 Mar., 105, 587; 6 Dana, 39; Redfield on Railways, 427, 429,430, 422, note 14, 591, note 23; 2 Bibb, 14; 2 Kent's Com., 298; 5 B. Mon., 1; 12 lb., 79; Pierce on American Railroad Law, 512, 515, note 1; 32 N. H., 504; 23 Howard, 118. cited Sess.
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CASE 28 — PETITION EQUITY cited Civil Code, secs. 30, 37; Rev. Stat., chap. 24, sec. 1; A Bibb, 17; 1 Mar., 105, 587; 6 Dana, 39; Redfield on Railways, 427, 429,430, 422, note 14, 591, note 23; 2 Bibb, 14; 2 Kent's Com., 298; 5 B. Mon., 1; 12 lb., 79; Pierce on American Railroad Law, 512, 515, note 1; 32 N. H., 504; 23 Howard, 118. cited Sess. Acts, 1853-4,page 552; Redfield on Railways, 574 to 588, and note 20; lb., 4 and 5; lb., 692, 697; Civil Code, sec. 33. cited 2 Kents Com., sec. 33; 1 ü. S. Digest, 589; 5 B. Mon., 1; 3 Barb., Ch. Rep., 119; 3 Wendell, 13;2 Ala., (Stewart,) 401; 6 Gill…
1Opinion of the Court
JUDGB BULLITT
delivered the opinion op the court:
The appellant’s board of directors was authorized by its charter to borrow, on its credit, a sum not exceeding $50,000. The board authorized its president to borrow $30,000, and, as security therefor, to execute a mortgage “upon the road and its property, &c.” The president executed a mortgage to the appellee, Metcalfe, as trustee, upon “the said railroad with all its rights and privileges” to secure its bonds for said $30,000. The bonds were dated January 1, 1860, and payable ten years after date, with interest payable semi-annually.
In…
2Cases cited5 opinions
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- Lapsley v. BrashearsCourt of Appeals of Kentucky · 1823
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