Landes v. Globe Planter Manufacturing Co.
Supreme Court of Georgia
Equity. Practice in Superior Court. Debtor and Creditor. Corporations. Stockholders. Injunction. Contracts. Before Judge Hammond. Fulton County. At Chambers.
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Equity. Practice in Superior Court. Debtor and Creditor. Corporations. Stockholders. Injunction. Contracts. Before Judge Hammond. Fulton County. At Chambers. August 4,1884. S. J. Landes and his wife, Mrs. L. W. Landes, filed their bill on behalf of themselves and of all o£her persons who might come in and be made parties, against the Globe Planter Manufacturing Company and William S. Thomson, alleging, in brief, as follows: The Globe Planter Manufacturing Company was chartered by the superior court of Fulton county, on June 24,1882, and organized on August 26, with a capital stock of…
1Opinion of the Court
Jackson, Chief Justice.
The defendant corporation being indebted to the Gate City National Bank in a large sum of money, after trying to pay or secure it in various ways, and failing in all, accepted a proposition from Thomson, who was endorser on their notes to the bank (which proposition is reported at the head of this opinion), to shoulder the debt on the terms therein set forth. Whereupon, Thomson took charge of the property under the said agreement, and discharged the debt by an arrangement with the bank, to look to him individually for its payment.
All the stockholders acquiesced except…
2Cases cited2 opinions
- William Hone & Co. v. MoodySupreme Court of Georgia · 1877
- Eastman v. McAlpinSupreme Court of Georgia · 1846
3Cited by10 opinions
- Kniepkamp v. RichardsSupreme Court of Georgia · 1941
- Nance v. DanielSupreme Court of Georgia · 1936
- Grizzel v. GrizzelSupreme Court of Georgia · 1939
- Allen v. AllenSupreme Court of Georgia · 1943
- Bailey v. B. F. Coggins Granite & Marble Industries Inc.Supreme Court of Georgia · 1941
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