Stockton v. Central Railroad
New Jersey Court of Chancery
On order to show cause why injunction shall not issue, heard upon information, exhibits and affidavits, answers of the defendants, affidavits and limited proofs taken under order of the chancellor, in conformity with the provisions of Eule 121. The object of the information is to. have a certain indenture of lease made between the Central Railroad Company of New Jersey and the Port Heading Railroad Company, and also a certain tripartite agreement between the Central Railroad…
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On order to show cause why injunction shall not issue, heard upon information, exhibits and affidavits, answers of the defendants, affidavits and limited proofs taken under order of the chancellor, in conformity with the provisions of Eule 121. The object of the information is to. have a certain indenture of lease made between the Central Railroad Company of New Jersey and the Port Heading Railroad Company, and also a certain tripartite agreement between the Central Railroad Company of, New Jersey, the Port Heading Railroad Company and the Philadelphia and Heading Railroad Company, decreed to…
1Opinion of the Court
The Chancellor.
“ It is a cardinal rule of the law of corporations,” said Vice-Chancellor Van Fleet, in National Trust Co. v. Miller, 6 Stew. Eq. 162, “ that a corporation created by statute can exercise no power and has no rights except such as are expressly given or necessarily implied.”
“It may also be considered settled,” said Mr. Justice Van Syckel, in pronouncing the opinion of the court of errors and appeals in Black v. Delaware and Raritan Canal Co., 9 C. E. Gr. 465, in which a lease of railroad franchises and property for nine hundred aud ninety-nine years was in question, “ that a…
2Cases cited12 opinions
- Central Transportation Co. v. Pullman's Palace Car Co.Supreme Court of the United States · 1891
- Ex Parte WallSupreme Court of the United States · 1883
- Thomas v. Railroad Co.Supreme Court of the United States · 1880
- Attorney General v. Chicago & Northwestern Railway Co.Wisconsin Supreme Court · 1874
- Pennsylvania Railroad v. St. Louis, Alton & Terre Haute RailroadSupreme Court of the United States · 1886
7 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Wilentz v. HendricksonNew Jersey Court of Chancery · 1943
- Fidelity Union Trust Co. v. ReevesNew Jersey Court of Chancery · 1924
- Schmid v. First Camden National Bank, C., Co.New Jersey Superior Court Appellate Division · 1941
- Newark Ladder, C. v. Furniture Workers, C.New Jersey Court of Chancery · 1939
- Trachman v. TrugmanNew Jersey Court of Chancery · 1934
10 more not listed; retrieve them via the Exa API.