Ten Eyck v. Pontiac, Oxford & Port Austin Railroad
Michigan Supreme Court
Appeal from Oakland; Smith, J. Creditor’s bill by Junius Ten Eyck against the Pontiac, Oxford & Port Austin Railroad Company, the Farmers’ Loan & Trust Company, and others. From a decree for complainant, the defendant companies appeal.
1Opinion of the CourtMontgomery, J.
In 1879, eight persons, of whom complainant was one, organized the Pontiac, Oxford & Port Austin Railroad Company, with a nominal stock of $1,500,000 in $100 shares. Each of the eight persons subscribed for one-eighth of the shares, and paid in one-eighth of the sum of $2,500, which was all the money ever paid in. The eight persons became the directors. Joseph P. Hale was promoter of said railroad, and was president and chief stockholder of the New York, New England & Western Investment Company, an Illinois corporation. The railroad company made a contract with the investment company by which…
2Cases cited7 opinions
- Hammock v. Loan & Trust Co.Supreme Court of the United States · 1882
- Porter v. Pittsburg Bessemer Steel Co.Supreme Court of the United States · 1887
- Ten Eyck v. Pontiac, Oxford & Port Austin RailroadMichigan Supreme Court · 1889
- Cooper v. BiglyMichigan Supreme Court · 1865
- Arkansas River Land, Town & Canal Co. v. Farmers' Loan & Trust Co.Supreme Court of Colorado · 1889
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3Cited by4 opinions
- Detroit Trust Co. v. Detroit City Service Co.Michigan Supreme Court · 1933
- Courtney v. YoungsMichigan Supreme Court · 1918
- Wettlaufer v. AmesMichigan Supreme Court · 1903
- Guinness v. RemickMichigan Supreme Court · 1924