Fidelity Trust Co. v. Louisville Gas Co.
Court of Appeals of Kentucky
Case 74 — Suit between the Fidelity Trust Company and others and the Louisville Gas Co. and between George M. Boons and tiie Same Defendant as to the Right of the Defendant Gas Co. to Guaranty Certain Bonds of the Louisville Lighting Co. APPEAL FROM JFFFERSON CIRCUIT COURT CHANCERY DIVISION, NO. 2 — ' SAMUEL B. KIRBY, judge. From the Judgments Plaintiffs Appeal.
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Case 74 — Suit between the Fidelity Trust Company and others and the Louisville Gas Co. and between George M. Boons and tiie Same Defendant as to the Right of the Defendant Gas Co. to Guaranty Certain Bonds of the Louisville Lighting Co. APPEAL FROM JFFFERSON CIRCUIT COURT CHANCERY DIVISION, NO. 2 — ' SAMUEL B. KIRBY, judge. From the Judgments Plaintiffs Appeal. POINTS. 1. The endorsement proposed to he placed upon the bonds of the Louisville Lighting Company by the Louisville Gas Company as to the agreement to pay the principal of the bonds is not a guaranty in any sense of the word, hut…
1Opinion of the Court
'Opinion of the court by
JUDGE PAYNTER
Affirming.
The matter in controversy is as to the right of the Louisville Gas Company to guaranty certain bonds of the Louisville Lighting Company, which the first named company owns. The Louisville Gas Company was chartered by an act of the Legislature approved March 16, 1888. There are two acts amendatory of its charter — one approved April *59126, 1890, and the other May 3, 1890. By the charter the gas company’s capital stock may be $4,000,000, and all of it has been sold, except $400,000. So it will be seen that its capital stock is $3,600,000. Previous to…
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- Underhill v. Santa Barbara Land, Building, & Improvement Co.California Supreme Court · 1892
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