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Legal Opinion

Vatable v. . N.Y., L.E. W.R.R. Co.

New York Court of Appeals

Decided May 6, 1884PublishedCited by 6 opinions

1Opinion of the Court

[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.] A railroad company having the right by law to mortgage its property and franchises can confer upon the mortgagee the same interests and rights which an individual by mortgage of his property can confer. Unless some statute intervenes, the foreclosure of a railroad mortgage will cut off all the rights and interests of a railroad company, the mortgagor, in the property mortgaged, and nothing will be left for the general creditors and stockholders of the company…

2Cases cited3 opinions

  1. Weed v. . WeedNew York Court of Appeals · 1883
  2. Robinson v. CropseyNew York Court of Chancery · 1833
  3. Pratt v. . MunsonNew York Court of Appeals · 1881

3Cited by6 opinions

  1. Metropolitan Trust Co. v. Tonawanda Valley & Cuba RailroadNew York Court of Appeals · 1886
  2. Carpenter v. . New York, Lake Erie and Western Rd. Co.New York Court of Appeals · 1885
  3. Carpenter v. New York, Lake Erie & Western RailroadNew York Court of Appeals · 1885
  4. Coffin v. LessterNew York Supreme Court · 1885
  5. Hoopes v. CorbinNew York Supreme Court · 1886

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