Rensselaer & Saratoga Rail Road v. Miller & Knapp
Supreme Court of Vermont
The caso was this: The Rutland & Washington R. R. Co. was incorporated in this state, November 13, 1847, to construct and operate a road from Rutland to the New York state line, there to connect with the Troy & Rutland R. R. On June 24, 1850, it leased from the latter company the franchise and right to construct its road from the state line to Salem, N. Y.; and on June 17, 1852, it also leased from the latter company the residue of its road, extending to Eagle Bridge.
Read the full summary
The caso was this: The Rutland & Washington R. R. Co. was incorporated in this state, November 13, 1847, to construct and operate a road from Rutland to the New York state line, there to connect with the Troy & Rutland R. R. On June 24, 1850, it leased from the latter company the franchise and right to construct its road from the state line to Salem, N. Y.; and on June 17, 1852, it also leased from the latter company the residue of its road, extending to Eagle Bridge. The Rutland & Washington road made three mortgages as follows : June 15, 1850, one for $250,000 to Daniel S. Miller and…
1Opinion of the Court
*152The opinion of the court was delivered by
Barrett, J.
It is apparent in the cause that the trustees, Miller & Knapp, held a position such as to entitle them to charge upon the subject-matter of the trust such compensation and reimbursement as they ought to have by reason of what they did and incurred in the administration of the trust. See Perry on Trusts, §§760, 907, 909, 910. They were holding their position for the behoof of all the parties interested in the subject of the trust; and, in the first instance, for the parties beneficially interested in the first mortgage, viz: the Rutland &…
2Cited by11 opinions
- Grinbaum v. Superior CourtCalifornia Supreme Court · 1923
- McLane v. Placerville & Sacramento Valley R.R.California Supreme Court · 1885
- Riedell v. StuartSupreme Court of Oklahoma · 1931
- Truesdale v. Philadelphia Trust, Safe Deposit & InsuranceSupreme Court of Minnesota · 1895
- Vermont & Canada Railroad v. Vermont Central RailroadSupreme Court of Vermont · 1877
6 more not listed; retrieve them via the Exa API.