Burroughs v. North Carolina Railroad
Supreme Court of North Carolina
This was a civil action, tried before Henry, J., at a Special Term of Mecklenburg Superior Court. The following case agreed was presented to his Honor : The plaintiffs, on the 16th day of February, 1870, were the owners of thirty-four shares of stock in the North Carolina Railroad Company, upon which a dividend of six per centum was declared on the said 16th of February, 1870, three per centum payable on April 1st, 1870, and three per centum on 1st July, 1870. The plaintiffs…
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This was a civil action, tried before Henry, J., at a Special Term of Mecklenburg Superior Court. The following case agreed was presented to his Honor : The plaintiffs, on the 16th day of February, 1870, were the owners of thirty-four shares of stock in the North Carolina Railroad Company, upon which a dividend of six per centum was declared on the said 16th of February, 1870, three per centum payable on April 1st, 1870, and three per centum on 1st July, 1870. The plaintiffs sold and transferred said stock on the Í7th February, 1870, to S. II. Wiley. The plaintiffs made due demand for payment…
1Opinion of the Court
RodmáN, J.
On 16th February, 1870, the North Carolina Railroad Company declared a dividend by the following resolution : “ The Board of Directors of the North Carolina Railroad Company do declare an annual dividend of six per cent, on the capital stock of this company, for the fiscal year ending the 31st of May, 1870. Three per cent, to be paid on 1st April, and three per cent, payable on the first day, of July, 1S70, and- the transfer books be closed from first day of March to the first of April, and from the first day of June until the first day of Jilly.”
On the 17th February, the…
2Cases cited2 opinions
- Minot v. PaineMassachusetts Supreme Judicial Court · 1868
- Goodwin v. HardySupreme Judicial Court of Maine · 1869
3Cited by3 opinions
- Wheeler v. Northwestern Sleigh Co.U.S. Circuit Court for the District of Eastern Wisconsin · 1889
- Ford v. Ford Manufacturing Co.Appellate Court of Illinois · 1921
- In Re Estate of WuichetOhio Supreme Court · 1941