Delaware Securities Co. v. Metropolitan Trust Co. of New York
U.S. Circuit Court for the District of Southern New York
Iii Equity. Suit by the Delaware Securities Company, a corporation of the state of Delaware, against the Metropolitan Trust Company of the city of New York, successor to the Atlantic Trust Company, a corporation of the state of New York, as trustee holding certain shares of stock in the Raflin & Rand Powder Company, a New York corporation, actually owned by the said securities company, to compel the said trust company, defendant, to execute and deliver to it a proper proxy…
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Iii Equity. Suit by the Delaware Securities Company, a corporation of the state of Delaware, against the Metropolitan Trust Company of the city of New York, successor to the Atlantic Trust Company, a corporation of the state of New York, as trustee holding certain shares of stock in the Raflin & Rand Powder Company, a New York corporation, actually owned by the said securities company, to compel the said trust company, defendant, to execute and deliver to it a proper proxy for voting the said stock of the Raflin & Rand Powder Company at the stockholders meeting of that company.
1Opinion of the Court
RAY, District Judge.
October 1, 1903, the Delaware Securities Company executed and delivered to the Atlantic Trust Company, later merged into the Metropolitan Trust Company, which succeeded to the rights, obligations and liabilities of the Atlantic Trust Company, so far at least as this controversy is concerned, a certaSt trust agreement to secure certain debentures to the amount of about $R-000.000, to be issued by the securities company under and pursuant to said trust agreement. The property deposited under this trust agreement as security consisted of certain shares of stock, viz.: 9,97i…
2Cases cited17 opinions
- Salt Lake City v. SmithCourt of Appeals for the Eighth Circuit · 1900
- Kittinger v. . Buffalo Traction Co.New York Court of Appeals · 1899
- Kauffman v. RaederCourt of Appeals for the Eighth Circuit · 1901
- Railroad Co. v. TrimbleSupreme Court of the United States · 1870
- Citizens' Fire Insurance, Security & Land Co. v. DollCourt of Appeals of Maryland · 1872
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