State v. Baltimore & Ohio Rail-road
Court of Appeals of Maryland
Appeal from Baltimore County Court. By a resolution of the General Assembly of Maryland, passed at its December session, 1846, the Attorney General was directed to institute suit against the Baltimore and Ohio Rail-road Company, to recover the dividend of $15,000, which had been declared by that Company, payable in part in the bonds of said Company.
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Appeal from Baltimore County Court. By a resolution of the General Assembly of Maryland, passed at its December session, 1846, the Attorney General was directed to institute suit against the Baltimore and Ohio Rail-road Company, to recover the dividend of $15,000, which had been declared by that Company, payable in part in the bonds of said Company. An action of general indebitatus assumpsit was accordingly docketed, by consent of parties, in Baltimore County Court at its May term, 1847, by the appellant against the appellee. The declaration contained the common money counts, and a count upon…
1Opinion of the Court
On (he 14th February, 1848, before the final decision of the case, the following opinion and suggestion was filed by the court:—
“We are of opinion that power is conferred on the President and Directors of the Baltimore and Ohio Rail-road Company, by its charter, to apply the revenues of the Company to the extension of the road to its terminus on the Ohio River, and that it has power to apply its revenues to the re-construction of any part of the road; that it has power, in its discretion, to declare dividends on the net profits of the road, or it may apply said net profits to construction or…
2Cited by10 opinions
- Thomas v. GreggCourt of Appeals of Maryland · 1894
- Toner v. Baltimore Envelope Co.Court of Appeals of Maryland · 1985
- Ford v. Easthampton Rubber Thread Co.Massachusetts Supreme Judicial Court · 1893
- Gordon's Ex'ors v. R., F. & P. R. R.Supreme Court of Virginia · 1884
- Mercantile Trust Co. v. Baltimore & O. R.U.S. Circuit Court for the District of Maryland · 1897
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