Hudson Valley Railway Co. v. O'Connor
Appellate Division of the Supreme Court of the State of New York
Appeal from Special Term, Warren County. Action by the Hudson Valley Railway Company against Thomas O’Connor and- others. Prom an order enjoining defendants, during pendency of the action, they appeal. Reversed.
1Opinion of the CourtHoughton, J.
The plaintiff desired to build an addition to its railway system, and entered into a contract with the Crescent Construction Company therefor. To provide funds the plaintiff issued from its treasury $500,000 in bonds, secured by a mortgage upon its property, and an underwriting syndicate was formed, to- which the defendants were subscribers, by which the underwriters agreed to purchase said bonds at 80 per cent, of their par value. A bonus of stock was given with each bond, which, however, is immaterial to the *743dispute in question. The underwriters agreed that the whole amount of stock and…
2Cases cited5 opinions
- McClelland v. . Norfolk Southern R.R. Co.New York Court of Appeals · 1888
- Union Trust Co. v. Monticello & Port Jervis Railway Co.New York Court of Appeals · 1875
- Heine v. RohnerAppellate Division of the Supreme Court of the State of New York · 1898
- Kelly v. Forty-second Street, Manhattanville & St. Nicholas Avenue Railway Co.Appellate Division of the Supreme Court of the State of New York · 1899
- Heine v. RohnerAppellate Division of the Supreme Court of the State of New York · 1898
3Cited by1 opinion
- United States Trust Co. v. Executive Life InsuranceDistrict Court, S.D. New York · 1995