Platt v. Birmingham Axle Co.
Supreme Court of Connecticut
Bill in Equity to compel the conveyance of certain stock in a manufacturing company or the payment of its value; brought to the Court of Common Pleas of New Haven County. The respondents were the Birmingham Axle Company, William Hawkins, administrator of the estate of Lucie P. Colt, and Charles E. Colt, surviving husband of the said Lucie. The following facts were found by a committee.
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Bill in Equity to compel the conveyance of certain stock in a manufacturing company or the payment of its value; brought to the Court of Common Pleas of New Haven County. The respondents were the Birmingham Axle Company, William Hawkins, administrator of the estate of Lucie P. Colt, and Charles E. Colt, surviving husband of the said Lucie. The following facts were found by a committee. Lucie P. Colt died on the 21st day of May, 1872. She had intermarried with Charles E. Colt some time before the 1st oí January, 1869, and they had lived together until her death. On the 10th day of July, 1869,…
1Opinion of the CourtPardee, J.
On the 28th day of October, 1869, the petitioner loaned $625 to Charles E. Colt, one of the respondents, who gave his note therefor. As security for the payment thereof Lucie P. Colt, his wife, delivered to the petitioner a certificate for fifty shares of the stock of the respondent corporation, the Birmingham Axle Company, belonging to her and standing in her name, together with a writing of which the following is a copy:—
“ I hereby pledge fifty shares of the stock of the Birmingham Axle Company, with certificate No. 11 attached hereto, as security for the payment of a certain note drawn by…
2Cases cited1 opinion
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