Legal Opinion

Barclay v. Smith

Illinois Supreme Court

Decided May 10, 1883PublishedCited by 18 opinions

Appeal from the Appellate Court for the First District;— heard in that court on appeal from the Superior Court of Cook county; the Hon. George Gardner, Judge, presiding.

1Opinion of the CourtJustice Craig

There is but one question presented by this record, and that is, whether a certificate of membership in the board of trade of the city of Chicago, is property, which is liable to be subjected, to the payment of the debts of the holder by legal proceedings.

The Board of Trade of Chicago is a corporation created by a special act of the legislature of the State, with power to sue and be sued, to purchase and hold property not to exceed at any time $200,000. The objects of the corporation, as declared by the charter and by-laws, are “to maintain a commercial exchange; to promote uniformity in the…

2Cases cited3 opinions

  1. Powell v. . WaldronNew York Court of Appeals · 1882
  2. In re GallagherU.S. Circuit Court for the District of Southern New York · 1879
  3. In re SutherlandDistrict Court, N.D. Illinois · 1876

3Cited by18 opinions

  1. Board of Trade of Chicago v. JohnsonSupreme Court of the United States · 1924
  2. In Re Marriage of RochfordAppellate Court of Illinois · 1980
  3. Weaver v. FisherIllinois Supreme Court · 1884
  4. Nashua Savings Bank v. AbbottMassachusetts Supreme Judicial Court · 1902
  5. Young v. Handwork (Two Cases)Court of Appeals for the Seventh Circuit · 1950

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