Knox v. . Baldwin
New York Court of Appeals
■ Appeal from judgment of the General Term of the Supreme Court, in the fourth judicial department, affirming a judgment in favor of defendant entered upon the report of a referee.
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■ Appeal from judgment of the General Term of the Supreme Court, in the fourth judicial department, affirming a judgment in favor of defendant entered upon the report of a referee. This action was brought against defendant as trustee of the Brooklyn Gras Savings Company, a corporation organized under the manufacturing act of 1848 (chap. 40), to recover a debt owing by said corporation because of its alleged failure to file an annual report for the year 18G9 ; also seeking to charge defendant as a stockholder, on the ground that the capital stock had not all been paid in. The facts appear…
1Opinion of the CourtDanfortii, J.
There are no merits in this appeal. “The Brooklyn Gas Savings Company,” was organized in March, 1868. On the 5th of June, 1868, it bought of Stephen Van Dresar, Isaac Knox, and William B. Williams the right to use a certain patent for generating gas, and in payment therefor .issued to them $250,000 of the capital stock of the company and gave its promise to pay to them $3,000 in money within thirty days. At that time the defendant was one of the trustees, and the said Stephen Van Dresar was on that day made a trustee of the company “and neither has either resigned, nor his place been filled…
2Cases cited3 opinions
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