Donworth v. Coolbaugh
Supreme Court of Iowa
Ajypeal from the Jefferson District Court. Tbe plaintiff recovered judgment against tbe Fairfield and Mt. Pleasant plank-road company, for one thousand two hundred and thirty-four dollars and sixty-two cents, on the 17th of October, 1853, on warrants or orders drawn on the treasurer of the company, by O. Negus, as president of the same, and countersigned by ¥m. E. Groff, as secretary.
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Ajypeal from the Jefferson District Court. Tbe plaintiff recovered judgment against tbe Fairfield and Mt. Pleasant plank-road company, for one thousand two hundred and thirty-four dollars and sixty-two cents, on the 17th of October, 1853, on warrants or orders drawn on the treasurer of the company, by O. Negus, as president of the same, and countersigned by ¥m. E. Groff, as secretary. An execution, issued on this judgment, was returned, the officer certifying that he had demanded property of said Negus, as such president, and that he had failed to show any. The plaintiff seeks to subject the…
1Opinion of the Court
"Woodwakd, J.
This is a proceeding under the general incorporation act of 1847, (statutes 1847, 101), passed under the first constitution of the State, to subject the private property of the stockholders to the debts of the company. The Eairfield & Mt. Pleasant plank-road company was organized in the spring of the year 1851, under the above named general act. In 1853, a judgment was recovered against the company, and there being no corporate property, the plaintiffs seek to make their debt of the members.
The argument of the defendants, opens with an objection which is not entitled to…
2Cases cited1 opinion
- Hampson v. WeakeSupreme Court of Iowa · 1856
3Cited by11 opinions
- Guerney v. MooreSupreme Court of Missouri · 1895
- Nichols v. StevensSupreme Court of Missouri · 1894
- Smock v. Farmers' Union State BankSupreme Court of Oklahoma · 1908
- Tabor v. Commercial Nat. Bank of ClevelandCourt of Appeals for the Eighth Circuit · 1894
- Hale v. HardonCourt of Appeals for the First Circuit · 1899
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