Kerr v. Laird
Mississippi Supreme Court
On appeal from the northern chancery court at Holly Springs; Hon. Henry Dickinson, vice-chancellor. On the 30th of August, 1836, Andrew Kerr, Joseph W. Matthews, P. F. Armistead, John Chisholm, Volney Peel, and Samuel McCorkle, entered into articles of association and agreement, for the purpose of laying out and establishing the town of Belmont, in Panola county, upon a tract of land of which they were the owners.
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On appeal from the northern chancery court at Holly Springs; Hon. Henry Dickinson, vice-chancellor. On the 30th of August, 1836, Andrew Kerr, Joseph W. Matthews, P. F. Armistead, John Chisholm, Volney Peel, and Samuel McCorkle, entered into articles of association and agreement, for the purpose of laying out and establishing the town of Belmont, in Panola county, upon a tract of land of which they were the owners. The proprietors made the land a joint-stock fund, estimating it at $17,000, which was divided into 340 shares, of $50 each, for which scrip or certificates of stock were • issued…
1Opinion of the CourtJustice Handy
This was a bill in chancery filed by the appellant against the appellees for an account of a joint-stock concern, consisting of a parcel of land laid out for a town, in which all' the parties were interested.
It appears that the company was composed of six stockholders, of whom the appellant’s intestate was one, who entered into articles of agreement in the year 1836 in relation to the enterprise, under which the management of the affairs of the concern was intrusted to four of their number, of whom the appellant’s intestate was not one, and the appellee Laird, who were appointed trustees for…
2Cited by3 opinions
- Cason v. CasonMississippi Supreme Court · 1856
- Coram v. DavisMontana Supreme Court · 1909
- Matthewson v. DavisAppellate Court of Illinois · 1900