Fourth National Bank v. Olney
Michigan Supreme Court
Error to Kent. ' (Montgomery, J.) Debt on bond. Defendants, except Isaac M. Weston, bring error. The facts are stated in the opinion.
1Opinion of the Court
.Sherwood, J.
The Grand Rapids Iron Mining Company was organized in 1881. Its mines were in Marquette county, and its business office was at Grand Rapids.
On the tenth1 day of July, 1883, the company was indebted in the sum of about $6,000. The principal stockholders desired that the debt should be paid, and were willing to guarantee the paper of the company to the amount of $10,000, to pay the debt and continue its mining operations; and for this purpose an arrangement was made with the plaintiff that the Iron Mining Company should have credit at the plaintiff’s bank for $10,000 on its…
2Cases cited9 opinions
- State ex rel. McCarty v. PepperIndiana Supreme Court · 1869
- Cutter v. WhittemoreMassachusetts Supreme Judicial Court · 1813
- Lynde v. the CountySupreme Court of the United States · 1873
- State v. PeckSupreme Judicial Court of Maine · 1865
- Inkster v. First National BankMichigan Supreme Court · 1874
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3Cited by7 opinions
- Paul v. University Motor Sales Co.Michigan Supreme Court · 1938
- Headley v. HoopengarnerWest Virginia Supreme Court · 1906
- Christiansen v. HilberMichigan Supreme Court · 1937
- Alexandria, Arcadia & Fort Smith Railroad v. JohnsonSupreme Court of Kansas · 1897
- Jakoboski v. Grand Rapids & Indiana RailroadMichigan Supreme Court · 1895
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