New England Waterworks Co. v. Farmers' Loan & Trust Co.
Appellate Division of the Supreme Court of the State of New York
Appeal from trial term. Action by the New England Waterworks 'Company against the Farmers’ Loan & Trust Company for money had and received to plaintiff’s use. From a judgment for plaintiff, defendant appeals.
1Opinion of the CourtIngraham, J.
The Iowa Water Company, a corporation organized under the laws of the state of Iowa, on or about April 15, 1887, made and delivered to the Farmers’ Loan & Trust Company, as trustees, a mortgage or deed of trust to secure an issue of 400 bonds, of $1,000 each, with interest. The coupons representing the interest on these bonds were payable on the 1st of April and October in each year at the office of the defendant in the city of New York. On April 1, 1891, it would appear that there were outstand*812ing 349 bonds, and on March 28, 1891, the treasurer of the water company sent to the defendant a…
2Cases cited2 opinions
- Chapman v. . ForbesNew York Court of Appeals · 1890
- New England Water Works Co. v. Farmers' Loan & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1897
3Cited by2 opinions
- Cappuccilli v. CommissionerUnited States Tax Court · 1980
- New England Waterworks Co. v. Farmers' Loan & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1901