Memphis & Charleston Railroad v. Woods
Supreme Court of Alabama
Appeal from tbe Chancery Court of Madison. Heard before the Hon. Thomas Cobbs. The bill in this case was filed on the 27th October, 1887, by William Henry Woods and others, stockholders of the Memphis & Charleston Bailroad Company, against the said corporation, and against the East Tennessee, Yirginia & Georgia Bailroad Company; and sought to restrain and enjoin the latter corporation from voting the stock held by it in the-former, which was a majority of all the stock, at…
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Appeal from tbe Chancery Court of Madison. Heard before the Hon. Thomas Cobbs. The bill in this case was filed on the 27th October, 1887, by William Henry Woods and others, stockholders of the Memphis & Charleston Bailroad Company, against the said corporation, and against the East Tennessee, Yirginia & Georgia Bailroad Company; and sought to restrain and enjoin the latter corporation from voting the stock held by it in the-former, which was a majority of all the stock, at an election for directors to be held on the 17th November then nest, or allowing any other person to vote said stock for…
1Opinion of the CourtStone, C. J.
This suit was commenced October 27, 1887, and is prosecuted by stockholders of the Memphis & Charleston Railroad Company, .representing a minority of the stock. n
The case was submitted in the court below on a demurrer to the bill, and on a motion to dismiss it for want of equity. From .the chancellor’s decree overruling the demurrer, and refusing to dismiss the bill, or to dissolve the injunction, the present appeal is prosecuted. Coming before us in this form, we must treat as true all the averments of the bill which are well pleaded, and in the further progress of this opinion they will be…
2Cases cited16 opinions
- Hawes v. OaklandSupreme Court of the United States · 1882
- First Nat. Bank of Charlotte v. National Exchange Bank of BaltimoreSupreme Court of the United States · 1876
- Marsh v. WhitmoreSupreme Court of the United States · 1874
- Hoyle v. Plattsburgh & Montreal RailroadNew York Court of Appeals · 1873
- Central Railroad v. CollinsSupreme Court of Georgia · 1869
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- O'Conner Mining & Manufacturing Co. v. Coosa Furnace Co.Supreme Court of Alabama · 1891
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