Rankin v. Florida, A. & G. C. R.
District Court, N.D. Florida
The petition in this case.sets forth: First. The amount and nature of the debt due the petitioners [Rankin & Pulían and others], and that said debts are provable in bankruptcy. Second.
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The petition in this case.sets forth: First. The amount and nature of the debt due the petitioners [Rankin & Pulían and others], and that said debts are provable in bankruptcy. Second. That the Floi'ida, Atlantic .and Gulf Central Railroad Company, a corporation created by the laws of the state of Florida, having its principal office at Jacksonville, and carrying on its business as such ■corporation within the Northern district of Florida, being in contemplation of insolvency, did, on the 10th day of January, 1S08, transfer the said railroad and its appurtenances to the management of the…
1Opinion of the Court
B'RASER, District Judge.
The respondent puts in an answer denying all the charges and allegations contained in the petition, and alleging that said corporation is not amenable to the bankrupt act. because it belongs to a system of network of state improvement aud policy, and cannot be considered a private corporation. It is alleged, on the part of the debtor, that this is not such a business corpo*276ration as is contemplated by the bankrupt act, and therefore cannot be made amenable to that law and adjudged a bankrupt. A corporation created for the purpose of carrying on or pursuing any lawful…
2Cited by3 opinions
- In re San Gabriel Sanatorium Co.District Court, S.D. California · 1899
- Schuster v. Ohio Farmers' Co-Op. Milk Ass'nCourt of Appeals for the Sixth Circuit · 1932
- In re HiltonDistrict Court, S.D. New York · 1900