Branson v. Oregonian Railway Co.

By the Court,

Watson, C. J.:

This suit was brought by the respondents, Branson et aL, *279to establish the liability of the appellants upon certain alleged contracts of the Dayton, Sheridan and Grand Bonde Bailroad Company, of the character generally denominated “freight receipts,” or “freight script.” This company was duly incorporated under the laws of Oregon, November 14, 1877. Its object was the construction and operation of a narrow gauge railroad from the town of Dayton to Grand Bonde, in Yamhill county, with suitable branches and extensions. Its capital stock was fixed at $200,000, divided…