Merchants' National Bank v. Citizens' Gas Light Co.
Massachusetts Supreme Judicial Court
Contract, against the Citizens’ Gas Light Company and Charles S. J. Buggies, upon a promissory note for $685, dated April 15, 1891, payable two months after date to the order of C. S. J. Buggies, Treasurer, signed “ Citizens’ Gas Lt. Co., C. S. J. Buggies, Treas.,” and indorsed in the same manner as signed, and also by Buggies personally.
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Contract, against the Citizens’ Gas Light Company and Charles S. J. Buggies, upon a promissory note for $685, dated April 15, 1891, payable two months after date to the order of C. S. J. Buggies, Treasurer, signed “ Citizens’ Gas Lt. Co., C. S. J. Buggies, Treas.,” and indorsed in the same manner as signed, and also by Buggies personally. At the trial in the Superior Court, before Dunbar, J., the jury returned a verdict for the plaintiff; and the defendant corporation alleged exceptions, which appear in the opinion. The case was argued at the bar in January, 1893, and after-wards was…
1Opinion of the CourtBarker, J.
1. The defendant corporation’s first request for instructions relates to the effect of St. 1886, c. 346, upon the powers of that corporation to issue promissory notes. The third section of that statute relates to the issue of bonds by a gas *506company, and gives a company the right to secure bonds issued in accordance with the provisions of the section by a mortgage of the franchise and property of the company; but we find nothing in the chapter which affects the right of such a company to issue promissory notes when convenient or necessary in the prosecution of its business.
2. As the plaintiff…
2Cases cited10 opinions
- Merchants' Bank v. State BankSupreme Court of the United States · 1871
- Monument National Bank v. Globe WorksMassachusetts Supreme Judicial Court · 1869
- Mining Co. v. Anglo-Californian BankSupreme Court of the United States · 1881
- Case v. BankSupreme Court of the United States · 1880
- Bond v. MullinsCourt of Appeals of Kentucky · 1860
5 more not listed; retrieve them via the Exa API.
3Cited by45 opinions
- Parrot v. Mexican Central Railway Co.Massachusetts Supreme Judicial Court · 1911
- Fillebrown v. HaywardMassachusetts Supreme Judicial Court · 1906
- Kelly v. Citizens Finance Co. of Lowell, Inc.Massachusetts Supreme Judicial Court · 1940
- Union Bank & Trust Co. v. Long Pole Lumber Co.West Virginia Supreme Court · 1912
- National Loan & Investment Co. v. Rockland Co.Court of Appeals for the Eighth Circuit · 1899
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