Union National Bank v. Manistee Lumber Co.

This is an action of assumpsit to recover dividends which the appellants claim under an agreement, as follows:

“This agreement, made this 7th day of March, A. D. 1889, between the Union National Bank of Chicago, as party of the first part, the Manistee Lumber Company, and the State Lumber Company of .Michigan, as parties of the second part, and William Wente and R. R. Blacker, as parties of the third part, witnesseth:

Whereas the parties of the third part, in connection with other parties and corporations, are engaged in forming a syndicate for purchasing the property and assets of the Manistee…