Legal Opinion

First National Bank of Gadsden v. Winchester.

Supreme Court of Alabama

Decided July 5, 1898PublishedCited by 35 opinions

Appeal from Gadsden City Court. Tried before Hon. John H. Disque. This case is stated in tbe opinion. cited, Cooke on Stockholders, 679; Hall v. Auburn T. Co27 Cal. 255; Ohewacla Iron Works v. Dismukes, 87 Ala. 346; M. & C. B. B. Co. v. Grayson, 88 Ala. 576; Ala. Gold Life Ins. Go. ■v. Gent. Agr. cG Meek.

Read the full summary

Appeal from Gadsden City Court. Tried before Hon. John H. Disque. This case is stated in tbe opinion. cited, Cooke on Stockholders, 679; Hall v. Auburn T. Co27 Cal. 255; Ohewacla Iron Works v. Dismukes, 87 Ala. 346; M. & C. B. B. Co. v. Grayson, 88 Ala. 576; Ala. Gold Life Ins. Go. ■v. Gent. Agr. cG Meek. Assn., 54 Ala. 73; Sherwood v. Alvis, 83 Ala. 117; City Council v. Plank Boad Go., 31 Ala. 76; 1 Waterman on Corporations, 625; Com. v. Smith, 10 Allen, 448. cited, 1 Mor. on Cor. 227, 228 & note, 229, 233, 237, 249, 261, 262, 2 lb. 622, 624, 625, 631, 633, 711, 712, 693; Long v. Ga. Pac. B.…

1Opinion of the CourtHead, J.

The Gadsden Foundry & Machine Works was organized as a body corporate under our general incorporation laws. On March 1, 1887, its only stock holders were J. E. Line, S. M. Winchester, John Flinn and Wm. Hagen. On that day, Line and Winchester sold and assigned all their stock in the corporation to their co-stockholders, Flinn and Hagen, at the agreed price of $7,750, to be paid in the future, for which seventeen promissory notes, maturing at different times, Avere given. These notes Avere not only executed by the purchasers, Flinn and Hagen, but by the corporation also, by and through Flinn,…

2Cases cited14 opinions

  1. Button v. HoffmanWisconsin Supreme Court · 1884
  2. Swift v. Smith, Dixon & Co.Court of Appeals of Maryland · 1886
  3. Sherwood v. AlvisSupreme Court of Alabama · 1887
  4. Louisville Banking Co. v. EisenmanCourt of Appeals of Kentucky · 1893
  5. Chewacla Lime Works v. Dismukes, Frierson & Co.Supreme Court of Alabama · 1888

9 more not listed; retrieve them via the Exa API.

3Cited by35 opinions

  1. Cannon Manufacturing Co. v. Cudahy Packing Co.Supreme Court of the United States · 1925
  2. Farmers' Loan & Trust Co. v. PiersonNew York Supreme Court · 1927
  3. Riley v. BradleySupreme Court of Alabama · 1948
  4. Woods Lumber Co. v. MooreCalifornia Supreme Court · 1920
  5. Wootton Land & Fuel Co. v. OwnbeyCourt of Appeals for the Eighth Circuit · 1920

30 more not listed; retrieve them via the Exa API.

Showing a preview — retrieve the full document via the Exa API.

Powered by the Exa API