Legal Opinion
Case v. New York Central Railroad
New York Court of Appeals
Decided February 4, 1965PublishedCited by 26 opinions
1Opinion of the CourtBergan, J.
Plaintiffs are minority stockholders of Mahoning Coal Railroad 'Company, an Ohio corporation, which owns railroad lines in Ohio and leases lines in Pennsylvania. Mahoning does not operate the lines, but rents them to New York Central Railroad Company which pays it a rental of about 40% of the gross revenues from traffic on those lines.
*154Central pays all expenses of operating and maintaining Mahoning’s lines, including taxes on the property, except Federal income taxes (Brainard v. New York Cent. R. R. Co., 242 N. Y. 125). Thus Mahoning has no operating expenses and is bound to make a profit as…
2Cases cited6 opinions
- Farmers' Loan & Trust Co. v. New York & Northern Railway Co.New York Court of Appeals · 1896
- Kavanaugh v. . Kavanaugh Knitting Co.New York Court of Appeals · 1919
- Globe Woolen Co. v. Utica Gas & Electric Co.New York Court of Appeals · 1918
- Godley v. . Crandall Godley Co.New York Court of Appeals · 1914
- Everett v. PhillipsNew York Court of Appeals · 1942
1 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- In Re Prudential Lines Inc.Court of Appeals for the Second Circuit · 1991
- Alpert v. 28 Williams Street Corp.New York Court of Appeals · 1984
- Bob Richards Chrysler-Plymouth Corporation, Inc. v. EnglandCourt of Appeals for the Ninth Circuit · 1973
- Nisselson v. Drew Industries, Inc. (In Re White Metal Rolling & Stamping Corp.)United States Bankruptcy Court, S.D. New York · 1998
- Getty Oil Company v. Skelly Oil CompanySupreme Court of Delaware · 1970
21 more not listed; retrieve them via the Exa API.