Silliman v. Fredericksburg
Supreme Court of Virginia
In March 1853 a company styled the Fredericksburg and Gordonsville Railroad Company, was incorporated and organized to build a railroad from Fredericksburg to Gordonsville. This company was authorized to borrow money, and give a mortgage on its franchises and property to pay it.
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In March 1853 a company styled the Fredericksburg and Gordonsville Railroad Company, was incorporated and organized to build a railroad from Fredericksburg to Gordonsville. This company was authorized to borrow money, and give a mortgage on its franchises and property to pay it. The company did act under this power, and having failed to pay, the property and franchise was sold under the mortgage, and was purchased by Thomas G. Walker, Z. P. Boyer and others; and they proceeded at once to organize a joint stock company, under the name and style of the Fredericksburg, Orange and Charlottesville…
1Opinion of the Court
Anderson J.
delivered the opinion of the court.
By section 1, of the act of assembly of the 21st of February 1872 (Sess. Acts of 1871-’72, ch. 114, p. 91) the charter of the Fredericksburg, Orange and Charlottesville Railroad Company is extended for a period of five years from the first day of March 1872, for the purpose of enabling the company to complete the railroad, and to extend the same.
For that purpose, and to pay certain, debts, the said company, by section 2, is authorized and empowered to borrow a sum of money, *411not exceeding twelve hundred thousand dollars, and at a rate of interest…
2Cases cited100 opinions
- First National Bank of Wellsburg v. KimberlandsWest Virginia Supreme Court · 1880
- Newcomb v. BrooksWest Virginia Supreme Court · 1879
- Halsey v. MorteiroSupreme Court of Virginia · 1896
- Lamar's Ex'or v. HaleSupreme Court of Virginia · 1884
- Dyer v. DuffyWest Virginia Supreme Court · 1894
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