Philadelphia & Reading Railroad v. Little
Supreme Court of New Jersey
On appeal from an order of the chancellor, on respondent’s petition. The Central Railroad Company of New Jersey was, by an order of the court of chancery, made on the 14th day of February, 1877, put in the hands of a receiver as an insolvent corporation.
Read the full summary
On appeal from an order of the chancellor, on respondent’s petition. The Central Railroad Company of New Jersey was, by an order of the court of chancery, made on the 14th day of February, 1877, put in the hands of a receiver as an insolvent corporation. On May 4th, 1883, the company applied to the court for the discharge of the receivership, and the restoration of its property to its possession and control, and the dissolution of the injunction allowed as ancillary to the receivership. At that time a temporary debt of the receiver (called in the proceedings the floating debt of the Central…
1Opinion of the Court
The opinion of the court was delivered by
Depue, J.
The contention that this order is not an appealable order cannot be sustained. The prayer of the petition is that an order be made directing a sale or other disposition of the said bonds, or of such portion thereof as might be necessary, to pay the balance due on the said temporary debt, and the order in question is in terms an order that the prayer of the petitioner be granted. The superadded words, that the petitioner be at liberty to sell or dispose of the bonds at public or private sale, relate only to his discretion in the manner in which…
2Cases cited1 opinion
- Mathews v. . AikinNew York Court of Appeals · 1848
3Cited by7 opinions
- Stulz-Sickles Co. v. Fredburn Constr. Corp.New Jersey Court of Chancery · 1933
- Boorstein v. MillerNew Jersey Court of Chancery · 1938
- Burack v. MayersNew Jersey Court of Chancery · 1936
- Greenberg v. LeffNew Jersey Court of Chancery · 1929
- Van Hoesen v. GelfenNew Jersey Court of Chancery · 1928
2 more not listed; retrieve them via the Exa API.