Beveridge v. New York Elevated Railroad
New York Court of Appeals
Appeal from judgment of the General Term of the Supreme Court in the second judicial department, entered upon an order made December 14-, 1886, which affirmed a judgment in favor of defendants, entered upon a decision of the court on trial at Special Term. The nature of the action and the material facts are stated in the opinion. The lease and the guaranty stamped on the certificate of stock constituted one transaction.
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Appeal from judgment of the General Term of the Supreme Court in the second judicial department, entered upon an order made December 14-, 1886, which affirmed a judgment in favor of defendants, entered upon a decision of the court on trial at Special Term. The nature of the action and the material facts are stated in the opinion. The lease and the guaranty stamped on the certificate of stock constituted one transaction. (Boardman v. L. S. & M. S. R. R. Co., 84 N. Y. 157.) After a dividend has been declared, each shareholder has, as against the corporation, an unconditional right, to his…
1Opinion of the CourtGray, J.
The plaintiff’s testator, in March 1882, was the owner and holder of a certificate for one hundred shares of the capital stock of the defendant, the Mew York Elevated Railroad Company; on the margin of which were engraved the following words. “ The Manhattan Railroad Company, for value received, has agreed to pay to the Mew York Elevated Railway Company an amount equal to ten per cent per annum on the capital stock of the latter company; that is on six and one half million dollars, payable quarterly, commencing January 1, 1880.” There was no signature to this marginal writing. The certificate…
2Cases cited9 opinions
- People v. . O'BrienNew York Court of Appeals · 1888
- Leslie v. . LorillardNew York Court of Appeals · 1888
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
- Boardman v. Lake Shore & Michigan Southern Railway Co.New York Court of Appeals · 1881
- Woodruff v. . Erie Railway CompanyNew York Court of Appeals · 1883
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- Hanson Trust PLC v. ML SCM Acquisition Inc.Court of Appeals for the Second Circuit · 1986
- Manson v. . CurtisNew York Court of Appeals · 1918
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