Mulverhill v. Vicksburg Railway, Power & Manufacturing Co.
Mississippi Supreme Court
Erom tbe chancery court of Warren county. Hon. William P. S. Ventress, Chancellor. . Mulverhill, the appellant, was complainant in the court below; the railway, etc., company and others, the appellees, were defendants there. Erom a decree in defendants’ favor the complainant appealed to the supreme court.
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Erom tbe chancery court of Warren county. Hon. William P. S. Ventress, Chancellor. . Mulverhill, the appellant, was complainant in the court below; the railway, etc., company and others, the appellees, were defendants there. Erom a decree in defendants’ favor the complainant appealed to the supreme court. Complainant claimed to be a stockholder in the Vicksburg Railway, Power & Manufacturing Company, being a quaffi pnbporation, and by his bill of complaint sought to cancel a sale of the plant, property, and franchise of said company made to the Vicksburg Railway & Light Company. The bill also…
1Opinion of the Court
Alexander, Special J.,
delivered tbe opinion of tbe court.*
We find no serious conflict in tbe evidence as to tbe terms of tbe contract made with Shaffer by Mulverhill and his associates. In consideration' of the assignment to Shaffer of the franchise' for the street railroad, he agreed to build the road and give to Mulverhill and associates one-fourth interest in the same over and above the cost of construction. It was contemplated by all parties concerned that the franchise should be transferred to the Vicksburg Railway, Power & Manufacturing Company, a corporation chartered to build and…
2Cases cited3 opinions
- Whitney v. WymanSupreme Court of the United States · 1880
- Memphis & Charleston Railroad v. WoodsSupreme Court of Alabama · 1889
- Love Manufacturing Co. v. Queen City Manufacturing Co.Mississippi Supreme Court · 1896
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- Wood v. Gulf States Capital CorporationMississippi Supreme Court · 1968
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