Hudson Valley Railway Co. v. O'Connor
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendants, Thomas O’Connor and others, from an order of the Supreme Court, made at the Fulton Special Term and entered in the office of the clerk of the county of Warren on the 26th day of December, 1903, continuing during the pendency of the action an injunction order theretofore granted herein.
1Opinion of the Court
Houghton, J.:
The plaintiff desired to build an addition to its railway system, and entered into a contract with the Crescent Construction Company therefor. To provide funds the plaintiff issued from its treasury $500,000 in bonds, secured by a mortgage upon its property, and an underwriting syndicate was formed, to which the defendants were subscribers, by which the underwriters agreed to purchase said bonds at eighty per cent of their par value. A bonus of stock was given with each bond, which, however, is immaterial to the dispute in question. The underwriters agreed that the whole amount…
2Cases cited4 opinions
- McClelland v. . Norfolk Southern R.R. Co.New York Court of Appeals · 1888
- Union Trust Co. v. Monticello & Port Jervis Railway Co.New York Court of Appeals · 1875
- Heine v. RohnerAppellate Division of the Supreme Court of the State of New York · 1898
- Kelly v. Forty-second Street, Manhattanville & St. Nicholas Avenue Railway Co.Appellate Division of the Supreme Court of the State of New York · 1899
3Cited by2 opinions
- United States Trust Co. v. Executive Life InsuranceDistrict Court, S.D. New York · 1995
- Moshe Marcel Ajdler v. Province of Mendoza, a Province of the Republic of ArgentinaNew York Court of Appeals · 2019