Richards v. Merrimack & Connecticut River Railroad
Supreme Court of New Hampshire
The writ was served on tbe trustees, Onslow Stearns and others, in June, 1859, founded on a judgment against the defendants, upon a claim originally due from the N. H. Central Railroad, a corporation established June, 1848, and united, by virtue of an act passed January, 1853, with the Concord and Claremont Railroad under the name of the defendants — the corporation thus constituted being made liable for the debts of both corporations. The capital stock of the N. II.
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The writ was served on tbe trustees, Onslow Stearns and others, in June, 1859, founded on a judgment against the defendants, upon a claim originally due from the N. H. Central Railroad, a corporation established June, 1848, and united, by virtue of an act passed January, 1853, with the Concord and Claremont Railroad under the name of the defendants — the corporation thus constituted being made liable for the debts of both corporations. The capital stock of the N. II. Central Railroad was fixed by charter at 20,000 shares of $100 each, of which less than 4,000 were actually subscribed for and…
1Opinion of the Court
Bell, C. J.*
Notes of a corporation, signed by its officers acting within the scope of their authority, are binding upon it, provided they are made or given for any of the legitimate purposes for which.it was incorporated. Ang. & Am. on Corp. 234, 245; Smith v. Nashua, &c., 27 N. H. 94; Beers v. Phenix, &c., 14 Barb. 362 ; Moss v. Oakley, 2 Hill 263 ; Kelly v. Mayor, &c., 4 Hill 265; Attorney General v. Life, &c., 9 Paige 476; Mott v. Hicks, 1 Cow. 513; McCullough v. Moss, 5 Denio 577 ; Came v. Brigham, 39 Me. 39; Bank, &c., v. Patterson, 7 Cran. 299; Pierce on Railroads 372.
A corporation,…
2Cases cited23 opinions
- Murray v. BallouNew York Court of Chancery · 1815
- Jackson ex dem. Russell v. RowlandNew York Supreme Court · 1831
- McCullough v. MossCourt for the Trial of Impeachments and Correction of Errors · 1846
- Harrison v. Trustees of Phillips AcademyMassachusetts Supreme Judicial Court · 1815
- De Peyster v. ClendiningNew York Court of Chancery · 1840
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3Cited by1 opinion
- Corning v. RecordsSupreme Court of New Hampshire · 1898