Saginaw, Tuscola & Huron Railroad v. Chappell

The plaintiff sued Chappell to recover his subscription of five hundred dollars to the following paper:

“For and in consideration of the construction of the Saginaw, Tuscola & Huron Eailroad from East Saginaw through the counties of Saginaw, Tuscola and Huron to the village of Sebewaing in the county of Huron, we agree to pay to the order of E. T. Judd, treasurer of said company, the sum set opposite our respective names within thirty days after the rails shall be laid from East Saginaw to the said village of Sebewaing in the county of Huron. We also agree to sign a note of like import and…