Continental Securities Co. v. New York Central & Hudson River Railroad
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiffs, Continental Securities Company and another, from a judgment of the Supreme Court in favor of the defendants, entered in the office of the clerk of the county of Westchester on the 11th day of February, 1915, upon the decision of the court after a trial at the Westchester Special Term.
1Opinion of the Court
Mills, J.:
This is an action brought by the plaintiffs, as stockholders of the New York Central Bailroad Company, in their own behalf and in behalf of all other such stockholders, against the said company and certain other defendants, to enjoin the said company from issuing certain four per cent interest bearing bonds to replace and retire certain outstanding three and one-half per cent bonds as an incident of the proposed consolidation with that company of the Lake Shore and Michigan Southern Bail-way Company.
The contention of the plaintiffs is that such issue of the new bonds would violate…
2Cited by2 opinions
- Continental Securities Co. v. New York Central RailroadAppellate Division of the Supreme Court of the State of New York · 1917
- Galibert v. J. C. Hoffman, Inc.New York Supreme Court · 1923