Demott v. Stockton Paper Ware Manufacturing Co.
New Jersey Court of Chancery
Proceedings in insolvency under the act “ concerning corporations.” On petition of the Amwell National Bank of Lambertville and the Lambertville National Bank, praying subrogation and payment of their respective claims out of the proceeds of the sale of certain property of the defendant, and petition of Stephen B. Hill, praying distribution of the proceeds of sale among mechanics lien claimants.
1Opinion of the Court
The Chancellor.
The Amwell National Bank of Lambertville, and the Lambertville National Bank,, by their petition, state that they respectively lent to the defendant, the Stockton Paper Ware Manufacturing Company, certain money on promissory notes made by that company, and endorsed by certain persons who were directors thereof. The note originally given to the Amwell Bank was made by the treasurer of the company and endorsed by R. Yan Dyke, P. T. Nevius, A. J. Ransavell, R. H. Wilson and H. B. Dean, all directors of the company, was payable at three months, and dated November 9th, 1877. On the…
2Cited by1 opinion
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