Weidenfeld v. Northern Pac. Ry. Co.
Court of Appeals for the Eighth Circuit
Appeal from the Circuit Court of the United States for the District of Minnesota. This is an appeal from a decree dismissing the appellant’s intervening petition. The suit was originally instituted by one Peter Power in the district court of Hennepin county, • Minn.
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Appeal from the Circuit Court of the United States for the District of Minnesota. This is an appeal from a decree dismissing the appellant’s intervening petition. The suit was originally instituted by one Peter Power in the district court of Hennepin county, • Minn. By his verified bill of complaint, which was filed December 30, 1901, Power alleged that he was then, and had been for more than six months, the owner and holder of 100 shares of the common stock of the defendant, the Northern Pacific Railway Company. He complained that the company, without authority of law, was about to retire…
1Opinion of the CourtHook, Circuit Judge
The appellant’s objections to the conversion of the preferred stock of the Northern Pacific into common stock are: (i) That the retirement of the preferred stock constituted a decrease of the corporate capitalization without authority of law; (2) that the issue of the convertible certificates of indebtedness was not for the acquisition or construction of additional lines of railroad or other properties, and was therefore unauthorized and void; (3) that after the decrease of the capitalization by the retirement of the preferred the issue of an equal amount of common stock was an unauthorized…
2Cases cited11 opinions
- Shields v. BarrowSupreme Court of the United States · 1855
- Minnesota v. Northern Securities Co.Supreme Court of the United States · 1902
- California v. Southern Pacific Co.Supreme Court of the United States · 1895
- Smith v. GaleSupreme Court of the United States · 1892
- New Orleans Water Works Co. v. New OrleansSupreme Court of the United States · 1896
6 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Hansberry v. LeeSupreme Court of the United States · 1940
- Tower Hill-Connellsville Coke Co. of West Virginia v. Piedmont Coal Co.Court of Appeals for the Fourth Circuit · 1933
- Mannington v. Hocking Valley Ry. Co.U.S. Circuit Court for the District of Southern Ohio · 1910
- McQuillen v. National Cash Register Co.District Court, D. Maryland · 1938
- Zahn v. Transamerica CorporationDistrict Court, D. Delaware · 1945
9 more not listed; retrieve them via the Exa API.