State v. Atchafalaya Rail Road & Banking Co.

L. J. Wilson, one of the stockholders, is appellant from a judgment of the District Court which declares the char ter of the Atchafalaya Rail Road and Banking Company forfeited, under the following circumstances :—

On the 9th of March, 1842, the Attorney General presented the State’s petition, charging the corporation with having neglected and refused to pay its notes and other obligations, in specie, for a period of more than ninety days ; with having so mismanaged its affairs, and abused its corporate franchises, as that it had become insolvent; and, in fine, with having so violated its…