Columbia & Montour Electric Co. v. North Branch Transit Co.
Supreme Court of Pennsylvania
Appeal, No. 207, Jan. T., 1916, by Commonwealth Trust Company, Trustee, from decree of C. P. Columbia Co., Dec. T., 1915, No. 1, in equity, dismissing petition for leave to foreclose a corporate mortgage in case of The Columbia and Montour Electric Company v. The North Branch Transit Company. Bill in equity for an injunction and for the appointment of a receiver.
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Appeal, No. 207, Jan. T., 1916, by Commonwealth Trust Company, Trustee, from decree of C. P. Columbia Co., Dec. T., 1915, No. 1, in equity, dismissing petition for leave to foreclose a corporate mortgage in case of The Columbia and Montour Electric Company v. The North Branch Transit Company. Bill in equity for an injunction and for the appointment of a receiver. Petition by the Commonwealth Trust Company, Trustee, for leave to foreclose the mortgage on a branch of defendant formerly owned by The Columbia and Mon-tour Electric Railway Company. Before Evans, P. J. The opinion of the Supreme…
1Opinion of the Court
Opinion by
Me. Justice Walling,
In 1901 the Columbia and Montour Electric Railway Company, a duly chartered street railway company, built and equipped a line of electric street railway in Columbia County, extending from Berwick Borough through Bloomsburg to Catawissa, and being about seventeen miles in length. The same year it issued bonds to the amount of three hundred and seventy-five thousand dollars; and as security therefor gave to the Commonwealth Trust Company, appellant, as trustee, a first mortgage upon its property, franchises, etc.
In 1907 another company,.the Danville and Blooms-burg…
2Cases cited4 opinions
- Hill v. EpleySupreme Court of Pennsylvania · 1858
- Philadelphia Trust Co. v. Northumberland County Traction Co.Supreme Court of Pennsylvania · 1917
- Woods v. WilsonSupreme Court of Pennsylvania · 1861
- Wright's AppealSupreme Court of Pennsylvania · 1882
3Cited by7 opinions
- Sinking Fund Commissioners of Phila. v. Phila.Supreme Court of Pennsylvania · 1936
- Northampton Trust Co. v. Northampton Traction Co.Supreme Court of Pennsylvania · 1921
- Taub v. MerriamSuperior Court of Pennsylvania · 1977
- First N. Bk. of Bangor v. Bangor Tr. Co.Supreme Court of Pennsylvania · 1929
- CBS, INC. v. Film Corp. of AmericaDistrict Court, E.D. Pennsylvania · 1982
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