Dupee v. Boston Water Power Co.
Massachusetts Supreme Judicial Court
Bill in equity by James A. Dupee, James Beck and Henry Sayles, shareholders in the corporation known as the Boston Water Power Company, on behalf of themselves and all others the shareholders of the corporation, except the president and directors thereof, who should come in and seek relief by, and contribute to the expense of, the suit, against the Boston Water Power Company, its president and its directors, alleging that the Boston Water Power Company was incorporated June…
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Bill in equity by James A. Dupee, James Beck and Henry Sayles, shareholders in the corporation known as the Boston Water Power Company, on behalf of themselves and all others the shareholders of the corporation, except the president and directors thereof, who should come in and seek relief by, and contribute to the expense of, the suit, against the Boston Water Power Company, its president and its directors, alleging that the Boston Water Power Company was incorporated June 12, 1824, with authority to purchase and hold any quantity of water power created by the establishment of the dams…
1Opinion of the CourtColt, J.
This case is heard upon bill and answers. No issue is joined upon the truth-of the defendants’ allegations, and the only questions of law are those which arise upon the facts ..thus presented.
At an annual meeting of the defendant corporation it was Voted that the directors be authorized, “ if in their judgment the interest of the company will be thereby promoted, to receive in part payment for the land of the company hereafter to be sold, the stock of the company, at such price for the land and the stock as may be deemed for the interest of the stockholders.” Under this authority the…
2Cases cited3 opinions
- The City Bank of Columbus v. . Bruce and FoxNew York Court of Appeals · 1858
- Leland v. HaydenMassachusetts Supreme Judicial Court · 1869
- American Railway-Frog Co. v. HavenMassachusetts Supreme Judicial Court · 1869
3Cited by42 opinions
- Donahue v. Rodd Electrotype Co. of New England, Inc.Massachusetts Supreme Judicial Court · 1975
- Spiegel v. Beacon Participations, Inc.Massachusetts Supreme Judicial Court · 1937
- Davis v. Old Colony RailroadMassachusetts Supreme Judicial Court · 1881
- New England Trust Co. v. AbbottMassachusetts Supreme Judicial Court · 1894
- Maryland Trust Co. v. National Mechanics BankCourt of Appeals of Maryland · 1906
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