Wells v. Gates
New York Supreme Court
This was an appeal, by the defendants, from a judgment entered at a special term. In February, 1850; a prospectus, dated at Rouse’s Point, was issued, commencing as follows: “ Lake Champlain Beacon. The want of a local paper in the northern section of Clinton count)’, has for some time been severely experienced,” &c.
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This was an appeal, by the defendants, from a judgment entered at a special term. In February, 1850; a prospectus, dated at Rouse’s Point, was issued, commencing as follows: “ Lake Champlain Beacon. The want of a local paper in the northern section of Clinton count)’, has for some time been severely experienced,” &c. It then went on, setting forth the reasons for establishing a paper in that locality, at considerable length; and concluded by stating that the “ Lake Champlain Beacon” would be published weekly, the first number to be issued at Rouse’s Point, on or before the 15th of May then…
1Opinion of the Court
By the Court, Clerke, J.
The defendants, to the number of about seventy-five, agreed in writing to form an association or company, for the purpose of establishing a scientific journal, for the dissemination of knowledge. They appointed George Y, Hoyle, Calvin B. Averill and Bufus Heaton, as managers for the first year, authorizing them to establish and conduct the paper for the benefit of the stockholders, as they called themselves, when sufficient capital should be subscribed, paid in, or secured. They also, at the same time, directed that a meeting of the stockholders should be called, when…
2Cases cited1 opinion
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