Fidelity Trust Co. v. Lehigh Valley Railroad
Supreme Court of Pennsylvania
Appeal, No. 54, Jan. T., 1906, by defendant, from decree of C. P. No. 5, Philadelphia Co., June Term, 1905, No. 8,844, on bill in equity in case of Fidelity-Trust Company, Trustee, et al., v. Lehigh Valley Railroad Company. Bill in equity for an injunction. Before Ralston, J. The facts appear by the opinion of the Supreme Court. Error assigned was the decree of the court.
1Opinion of the Court
Opinion by
Me. Justice Pottee,
The facts of this case were not in dispute, and are clearly and accurately stated by the learned trial judge, as follows: “ The original complainants in this case, and others who have intervened, are owners of shares of preferred stock of the Le-high Valley Railroad Company, respondent.
“ Under the terms of an act passed by the legislature of Pennsylvania, approved March 4, 1850, P. L. 129, the Beaver Meadow Railroad & Coal Company was authorized to issue preferred stock which was entitled to a preference over all other stock of said company in every future…
2Cases cited1 opinion
- West Chester & Philadelphia Railroad v. JacksonSupreme Court of Pennsylvania · 1875
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- Sterling v. H. F. Watson Co.Supreme Court of Pennsylvania · 1913
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