Johnston v. Jones

The Chancellor.

The injunction was granted on application of the complainants, Johnston and the Perth Amboy and. Elizabethport Railroad Company, to restrain the defendants, Jones, Carpenter, Arnold, Bell, and Lindsley, who claimed to have been elected directors of the company, from interfering with the contract*218ors in constructing the road of the company, and from selling or pledging any stock of the company, and from exercising the rights and powers of directors.

The charter of the company, by the act approved March 30th, 1869, fixed the capital at $200,000, in shares of $100, with the…