White Water Valley Canal Company v. Vallette
Supreme Court of the United States
This case originated in the Circuit' Court of the United States for the district of Indiana. It was a bill filed on tbe equity side of'tbe court, by Yallette, a citizen of Ohio, against the White Water Yalley Canal Company, a corporation created by a law of the State of Indiana.
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This case originated in the Circuit' Court of the United States for the district of Indiana. It was a bill filed on tbe equity side of'tbe court, by Yallette, a citizen of Ohio, against the White Water Yalley Canal Company, a corporation created by a law of the State of Indiana. The whole suit was conducted according to the rules of a court of chancery. ' After the decree, the company prayed an appeal in open court, filed a bill of exceptions, which was allowed and signed by the district judge, and upon this a writ of error was sued out. The nature of the contract and form of the bonds are…
1Opinion of the CourtJustice Campbell
This controversy originated in a contract between the appellant's and the appellee, (Vallette,) in which the-latter agreed to complete that portion of the canal through the valley of White Water river that lies between the cities'of Laurel and'Cambridge, in Indiana..
In the year 1836, the State of Indiana projected the improve ment of which this is a part, and prosecuted the work until 1842, at an expenditure cf moré than one million of dollars. In that year the appellants were incorporated, and the State surrendered the unfinished work to them, investing them with powers to continue.it till…
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