Slee v. Bloom
New York Court of Chancery
THE bill, filed the 24th of April, 1819, stated, that the plaintiff, being possessed of a piece of land on Wappinger's creek, in Poughkeepsie, on which he had erected a cotton manufactory, with 912 spindles, and finding that the factory demanded greater funds than he could conveniently command, he proposed to the defendant, George Bloom, and others, to unite with him in a corporation, to be called “ The Dutchess Cotton Manufactory,” the stock of which was to be divided into…
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THE bill, filed the 24th of April, 1819, stated, that the plaintiff, being possessed of a piece of land on Wappinger's creek, in Poughkeepsie, on which he had erected a cotton manufactory, with 912 spindles, and finding that the factory demanded greater funds than he could conveniently command, he proposed to the defendant, George Bloom, and others, to unite with him in a corporation, to be called “ The Dutchess Cotton Manufactory,” the stock of which was to be divided into 600 shares, of 100 dollars each. That this proposal being acceded to, the plaintiff and G. Bloom, James Tallmadge jun.…
1Opinion of the Court
The Chancellor.
This is a suit against the individual stockholders of the “ Dutchess Cotton Manufactory,” a company incorporated in December, 1814, by filing a certificate in pursuance of the act of the22d of March, 1811, entitled, “ An act relative to incorporations for manufacturing purposes.” Every association incorporated under this act, was declared to be, for “ the term of twenty years next after filing their certificate, a body politic and corporate.” The bill seeks to charge the defendants personally, for a judgment debt of the incorporated company, on the ground that the corporation…
2Cases cited1 opinion
- Attorney-General v. Utica InsuranceNew York Court of Chancery · 1817
3Cited by25 opinions
- Parker v. Bethel Hotel Co.Tennessee Supreme Court · 1896
- Decker v. . GardnerNew York Court of Appeals · 1891
- Chicago Life Insurance v. NeedlesSupreme Court of the United States · 1885
- Moseby v. BurrowTexas Supreme Court · 1880
- President for erecting a Bridge over the River Lehigh v. Lehigh Coal & Navigation Co.Supreme Court of Pennsylvania · 1833
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