Pittsburgh & Connellsville Railroad v. Stewart
Supreme Court of Pennsylvania
Error to the Common Pleas of Fayette county. This was an action of assumpsit, brought by the Pittsburgh and Connellsville Railroad Company against Andrew Stewart, to recover a balance alleged to be due from him, on account of his subscription for one hundred and fifty shares of the capital stock of the company.
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Error to the Common Pleas of Fayette county. This was an action of assumpsit, brought by the Pittsburgh and Connellsville Railroad Company against Andrew Stewart, to recover a balance alleged to be due from him, on account of his subscription for one hundred and fifty shares of the capital stock of the company. The company was incorporated by the Act of 8d of April 1837, revived by the Act of 18th April 1843, and obtained its charter on the 11th of June 1846. The defendant, on the 8th day of June 1847, subscribed for one hundred and fifty shares, at $50 per share. On the 28th day of November…
1Opinion of the Court
The opinion of the court was delivered,
by Strong, J.
On the 8th of June 1847, the defendant subscribed for one hundred and fifty shares of the capital stock of the Pittsburgh and Connellsville Railroad Company. In November and December of the same year, by certain acts and resolutions of the company, which it is not necessary now to enumerate or describe, he, in common with other subscribers for stock, was released from the obligation of his subscription. That the effect of the action of the company was such a release, was ruled in McCully v. the plaintiffs in this case, 8 Casey 25, and it has…
2Cited by3 opinions
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