White v. Coventry & Benson
New York Supreme Court
THIS action was tried by consent, at a special term of this court, in Chenango county, in August, 185V, before 'Mr. Justice Mason, without a jury.
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THIS action was tried by consent, at a special term of this court, in Chenango county, in August, 185V, before 'Mr. Justice Mason, without a jury. It was upon a note in the form following: “$150. For value received in policy Ho. 2094, dated the 4th day of September, 1851, issued1 by the Union Mutual Insurance Company, I promise to 'pay the company, or their treasurer for the time being, the sum of one hundred and fifty dollars, in such portions and at such time or .times as the directors of the company may require, agreeably to their act of incorporation. (Signed,) Coventry & Benson.” The…
1Opinion of the Court
By the Court, Balcom, J.
The decision made by this court, at the Cortland general term in November, 1858, in White, receiver, v. Selover and Haskill, virtually determines this case in favor of the plaintiff ■
The Union Mutual Insurance Company was organized under the act “ to provide for the incorporation of insurance companies,” passed April 10, 1849. (Laws of 1849, p. 441.) The 10th section made it the duty of the corporators to declare, in their charter, “ the mode and manner” in which they were to exercise their corporate powers. And they declared, in the 11th section of their charter, that…
2Cases cited4 opinions
- People v. President & Directors of the Manhattan Co.New York Supreme Court · 1832
- Steam Navigation Co. v. WeedNew York Supreme Court · 1853
- Palmer v. LawrenceThe Superior Court of New York City · 1849
- Thomas v. AchillesNew York Supreme Court · 1853
3Cited by6 opinions
- Singer Manufacturing Co. v. BennettWest Virginia Supreme Court · 1886
- Upton v. HansbroughDistrict Court, N.D. Illinois · 1873
- Cooper v. ShaverNew York Supreme Court · 1862
- Sands v. HillNew York Supreme Court · 1865
- Commercial Bank v. PfeifferNew York Supreme Court · 1880
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