Ridgefield & New York Railroad v. Reynolds
Supreme Court of Connecticut
Assumpsit on a subscription to the stock of a railroad company; brought to the Superior Court in Fairfield County, and tried to the court, on the general issue, with notice, before Beardsley, J. Facts found and judgment rendered for the plaintiffs, and motion in error by the defendant. The case is sufficiently stated in the opinion.
1Opinion of the CourtPark, C. J.
The defendant subscribed for forty shares of stock of the plaintiff corporation on the following conditions embodied in the subscription:—“No assessment shall be laid upon the stock subscribed of more than two per cent., until the whole amount of stock shall have been subscribed, estimated to be necessary for the completion of the road from Ridgefield to such point as shall be decided upon by the company, and no assessment shall be made until $200,000 shall have been subscribed for the Stamford route, or $350,000 for the Greenwich route.”
The case finds that the amount of stock subsequently…
2Cited by4 opinions
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