Terwilliger v. Great Western Telegraph Co.

In December, 1867, Selah Reeve, one of the defendants herein, united with six other persons to form a corporate company, under the act of 1849, to be known as the Great Western Telegraph Companjn The articles of association were duly signed by them, and subsequently filed in the office of the Secretary of State, who issued the requisite certificate. By the terms of the articles, the capital stock was to consist of $3,000,000, divided into one hundred and twenty thousand shares of $25 each. Valentine F. Gardner, John Hall, and Dwight Johnson, all resident in the State of Hew York, were…