Suburban Construction Co. v. Naugle

This is an appeal from an interlocutory order of the Circuit Court granting an injunction.

Appellees, as contractors, had undertaken by their agreement of Hovember 28, 1896, to construct, equip for operation by electricity, and to operate for the period of two years, a certain system of railroad known as the Suburban Eailroad Company. By the same agreement the Suburban Construction Company, one of appellants, undertook to pay appellees for such construction, services, etc., in stocks and bonds of the railroad to be constructed. Certificates of the stock were to be issued and delivered to…