Minneapolis & St. Louis Railway Co. v. Bassett
Supreme Court of Minnesota
Appeal from an order of the district court for Hennepin county, overruling a demurrer to the complaint. The case is stated in the opinion..
1Opinion of the Court
By the Court.
Berry, J.
This action is brought to recover the subscription price of ten shares of the capital stock of the Minneapolis and St. Louis Railway Co., which were subscribed for by defendant after the incorporation and. organization of said company.
Section 3 of plaintiff’s charter, (Laws, 1853, chap. 10 ; Col. *536Stat, p. 143,) enacts that “ the capital stock of said corporation shall be two million of dollars, and shall be divided into shares of one hundred dollars each, and five dollars on each share shall be paid at the time of subscribing.” The defendant has paid nothing upon his…
2Cases cited8 opinions
- Crocker v. CraneNew York Supreme Court · 1839
- Black River and Utica Railroad Company v. . ClarkeNew York Court of Appeals · 1862
- Vermont Central Rail Road v. ClayesSupreme Court of Vermont · 1848
- President of the Highland Turnpike v. M'KeanNew York Supreme Court · 1814
- Beach v. . SmithNew York Court of Appeals · 1864
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3Cited by2 opinions
- City of Cincinnati v. Queen City Telephone Co., Court of Common Pleas of Ohio, Hamilton County1904
- S. & A. Railroad v. EzellSupreme Court of South Carolina · 1880