Swartwout v. Michigan Air Line Railroad

'Cooley, J.

Swartwout was a subscriber to the capital ’stock of the Grand Trunk Bailway of Michigan, a corporation after-wards consolidated with another, under the name of the Michigan Air Line Bailroad Company. Having paid thirty-five per cent, of his subscription, he refused to pay the balance, and suit was brought for its recovery. In the circuit court the plaintiff has succeeded in obtaining judgment, and Swartwout has brought the record to this court by writ of error, assigning various errors in the rulings below.

Many of the alleged errors relate to the original organization of the Grand…