Ford v. Delta & Pine Land Co.
U.S. Circuit Court for the District of Southern Mississippi
In Equity. Code Miss. 1880, § 1038, provides that the franchise of a railroad corporation may be sold to satisfy a judgment. Section 1039 allows six months for redemption. Section 1041 provides that all corporations, after their charters have expired or been annulled, shall nevertheless be continued bodies corporate for three years thereafter for the purpose of suing and being sued and closing up their business.
1Opinion of the CourtHill, J.
This cause is submitted upon bill, answers, exhibits, and proofs, and argument of the counsel. The pleadings and proofs are exceedingly voluminous, but, after having been carefully examined and considered, they show the following facts:
On tho 23d day of November, 1859, an act was passed by the legislature of this state “to incorporate the Memphis, Holly Springs & Mobile *182Railroad Company,” by the first section of which the. corporation proposed to be chartered was authorized to purchase, receive, hold, and enjoy real ánd personal estate, and the same to retain to them, their successors and…
2Cases cited8 opinions
- Muller v. DowsSupreme Court of the United States · 1876
- Gibbs v. GreenMississippi Supreme Court · 1877
- Sigman v. LundyMississippi Supreme Court · 1889
- Belcher v. MhoonMississippi Supreme Court · 1873
- Nevin v. BaileyMississippi Supreme Court · 1884
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3Cited by4 opinions
- Terminal Fumigating Co. v. United StatesDistrict Court, D. Massachusetts · 1923
- Guarantee Trust & Safe-Deposit Co. v. Delta & Pine-Land Co.Court of Appeals for the Fifth Circuit · 1900
- School District v. FowlesSupreme Court of South Carolina · 1911
- Cannon v. Haverty Furniture Co.Supreme Court of South Carolina · 1935