Jones v. Terre Haute & Richmond Rail Road
New York Supreme Court
APPEAL from a judgment entered at a special term. The plaintiff owned four of the defendants’ bonds, purchased before January 1, 1856, and delivered in this state, for the payment each of $1000 and interest, in the usual form, but containing also the following special clause: “ And the said company also agree, to transfer to the holder hereof at any time before the said principal sum shall fall due, whenever such holder shall elect to receive the same on delivery of this…
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APPEAL from a judgment entered at a special term. The plaintiff owned four of the defendants’ bonds, purchased before January 1, 1856, and delivered in this state, for the payment each of $1000 and interest, in the usual form, but containing also the following special clause: “ And the said company also agree, to transfer to the holder hereof at any time before the said principal sum shall fall due, whenever such holder shall elect to receive the same on delivery of this obligation, and of the unpaid coupons or interest warrants, to the treasurer of said company, at Terre Haute, twenty shares…
1Opinion of the Court
By the Court, Ingraham, J.
The plaintiff was the holder of four bonds issued by the defendants, a corporation chartered by the state of Indiana, for $1000 each. These bonds contained a clause by which the defendants agreed to transfer to the holder thereof, at any time before the same fell due, whenever the holder should elect to receive the same, on delivery of such bond and of the unpaid coupons to the treasurer of the company at Terre Haute, an equal amount at par in the shares of the capital stock of said company, in exchange for such bonds. The charter of the company provided that…
2Cited by1 opinion
- Bright v. LordIndiana Supreme Court · 1875