Mandel v. Swan Land & Cattle Co.
Appellate Court of Illinois
Memorandum.—Assumpsit. Appeal from the Circuit Court of Cook County; the Hon. F.RANK Baker, Judge, presiding. Heard in this court at the October term, 1893, and affirmed. Statement oe the Case.
Read the full summary
Memorandum.—Assumpsit. Appeal from the Circuit Court of Cook County; the Hon. F.RANK Baker, Judge, presiding. Heard in this court at the October term, 1893, and affirmed. Statement oe the Case. This is a suit in assumpsit, brought in the Circuit Court of Cook County, on the 24th day of March, 1890, by the Swan Land and Cattle Company, limited, a corporation organized under the English “ Companies’ Act,” against Emanuel Mandel, to recover the amount of a call made by the directors of the company upon shares of stock standing in the name of the appellant, which shares the company had already…
1Opinion of the CourtJustice Watermab
delivered the opibiob of the Court.
It is strenuously urged that section 39 of the articles of association is so unreasonable and unjust, that the courts will not enforce it; that this suit is an attempt to enforce a penalty created by the laws of another sovereignty, and that this is never done; and it is also insisted that appellant ■was entitled to know what had been done with his forfeited shares, and to be credited with whatever the company had received therefor.
We see nothing unreasonable or unjust in the provisions of section 39, nor do we regard this suit as an attempt to enforce a…
2Cases cited3 opinions
- Bank of United States v. DandridgeSupreme Court of the United States · 1827
- Scarlett v. Academy of MusicCourt of Appeals of Maryland · 1875
- Michigan Central Railroad v. EdwardsMichigan Supreme Court · 1875
3Cited by2 opinions
- Knights of Ku Klux Klan, Inc. v. First National BankAppellate Court of Illinois · 1928
- Chicago, Springfield & St. Louis Railway Co. v. MartinAppellate Court of Illinois · 1928