Ogdensburgh &C. Railroad v. Wooley
New York Court of Appeals
The Ogdensburgh, Clayton & Rome Railroad Company sued William W. Wooley, in the supreme court, to recover sundry installments alleged to be due upon defendant’s subscription to the company’s capital stock.
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The Ogdensburgh, Clayton & Rome Railroad Company sued William W. Wooley, in the supreme court, to recover sundry installments alleged to be due upon defendant’s subscription to the company’s capital stock. On the trial, it appeared that at the time the defendant made his subscription to the stock of the plaintiff he had nothing in money, but that he had given his promissory note for one hundred dollars (the amount of the subscription being one thousand dollars), as and for the ten per cent, required. That subsequently by an agreement with the plaintiff the defendant’s subscription was reduced…
1Opinion of the Court
By the Ooukt.
Wright, J.
The defendant became a subscriber to the plaintiff’s capital stock; but at the time of subscribing did not pay ten per cent, in money. Subsequently, by agreement, the original "subscription was reduced from one thousand dollars to seven hundred dollars, and on two occasions he gave to the company two negotiable notes, in which»were embraced and included the original ten per cent, and the several calls which had_been made, and which were due and pay*401able upon the stock down to August 1, 1854. These notes the defendant afterward paid. Before their maturity they were…
2Cited by9 opinions
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- Furlong v. JohnstonNew York Court of Appeals · 1924
- Furlong v. JohnstonAppellate Division of the Supreme Court of the State of New York · 1924
- Hapgoods v. LuschAppellate Division of the Supreme Court of the State of New York · 1907
- Moore v. Rector of St. Thomas'New York Supreme Court · 1873
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