New-York & New-Haven Railroad v. Schuyler

Sutherland, Justice.

Having carefully examined the papers submitted in this matter, and duly considered the arguments of counsel and the authorities cited, I shall merely state the conclusions at which I have arrived.

First, That in the case of the Mechanics' Banlc agt. The New- York and New-Haven Railroad Company (3 Kernan, 600), the certificates of stock made and issued by Robert Schuyler, beyond the $3,000,000 of capital stock limited and allowed by the charter, were void, whether in the hands of parties to whom they had been directly given or issued by Schuyler, or in the hands of bona fide…