Slaughter v. Moore
Court of Chancery of Delaware
Bill for the Re-payment of Money Deposited with the State Treasurer to Guarantee the Construction of a Railway. The Delaware General Electric Railway Company was duly incorporated on September 6th, 1899, under the general corporation law of the State of Delaware, and deposited $17,500 with the then State Treasurer, as required by § 105, c. 273, i). 21, Laws of Dealware.
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Bill for the Re-payment of Money Deposited with the State Treasurer to Guarantee the Construction of a Railway. The Delaware General Electric Railway Company was duly incorporated on September 6th, 1899, under the general corporation law of the State of Delaware, and deposited $17,500 with the then State Treasurer, as required by § 105, c. 273, i). 21, Laws of Dealware. The right to this deposit was later assigned by the company to John B. Wharton, and on April 4th, 1902, the company was voluntarily dissolved. In 1908 Stephen Slaughter was appointed receiver of said company pendente lite,…
1Opinion of the Court
The Chancellor :
This case is before the Court on demurrers to the bill. The bill was filed June 8th, 1910, by the receiver of the Delaware General Electric Railway Company against four persons individually, one of these persons being, as alleged, the then State Treasurer, and the other three being his predecessors in office, and the object of the bill is to enforce re-payment of moneys paid to the State Treasurer pursuant to the general corporation Act. By the Act corporations may be created to build railways by filing articles of association, and one of the requirements is that the capital…
2Cases cited7 opinions
- Robertson v. BaxterMichigan Supreme Court · 1885
- Harned v. Beacon Hill Real Estate Co.Court of Chancery of Delaware · 1911
- Tate v. SalmonCourt of Appeals of Kentucky · 1881
- Wilmington City Ry. Co. v. People's Ry. Co.Court of Chancery of Delaware · 1900
- Crawford County Street Railway Co. v. MeadvilleSupreme Court of Pennsylvania · 1910
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3Cited by5 opinions
- Chicago Corp. v. MundsCourt of Chancery of Delaware · 1934
- Addy v. ShortSupreme Court of Delaware · 1952
- Addy v. ShortSuperior Court of Delaware · 1952
- Levin v. Fisk Rubber Corp.Court of Chancery of Delaware · 1943
- Addy v. ShortSuperior Court of Delaware · 1951