Merchants' National Bank v. Thompson

The defendant Thompson was one of several individuals associated to purchase from the Boston Water Power Company, a corporation, certain lands in Boston called the Huntington Avenue Lands. The lands were conveyed to trustees, upon trusts declared in a declaration of trust, referred to in the deed of conveyance. The interests of the purchasers were divided into shares, and there was issued to each, purchaser a certificate of the number of shares belonging to him. The certificates contained the folloxving provision, “ and said share is transferable by assignment in writing on this certificate,…