Legal Opinion
Philadelphia Trust, Safe Deposit & Insurance v. Scott
Court of Appeals of Maryland
Decided December 21, 1876PublishedCited by 2 opinions
Appeal from the Circuit Court for Baltimore County, in Equity. The case is sufficiently stated in the opinion of the Court.
1Opinion of the CourtRobinson, J.
On the 2nd of October, 1872, the Maryland and Pennsylvania Railroad Company issued bonds for the purpose of raising money to construct its road; and, at the same time, the company conveyed to the appellant, a corporation chartered by the State of Pennsylvania, all its property and franchises, in trust, to secure the holders of said bonds. At the time of the execution of “this conveyance, it does not appear that anything had been expended by said company, either in the construction or equipment of its road.
Subsequently, in pursuance of an Act of the Legislature, the Maryland and Pennsylvania…
2Cases cited2 opinions
- Knickerbacker v. HarrisNew York Court of Chancery · 1828
- Waters v. CreaghSupreme Court of Alabama · 1833
3Cited by2 opinions
- Blundon v. CrosierCourt of Appeals of Maryland · 1901
- Harrison v. Annapolis & Elk Ridge RailroadCourt of Appeals of Maryland · 1879