Weed v. Gainesville, Jefferson & Southern Railroad
Supreme Court of Georgia
Exceptions to auditor’s report. Before Judge Kirnsey. Hall superior court. July 21,1903. The Gainesville, Jefferson & Southern Railroad Company (hereinafter referred to as the Gainesville Company) was incorporated by an act approved August 25, 1872 (Acts 1872, p. 333), to construct a railroad from Gainesville, by way of Jefferson, to some point to be selected by it on the Georgia Railroad.
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Exceptions to auditor’s report. Before Judge Kirnsey. Hall superior court. July 21,1903. The Gainesville, Jefferson & Southern Railroad Company (hereinafter referred to as the Gainesville Company) was incorporated by an act approved August 25, 1872 (Acts 1872, p. 333), to construct a railroad from Gainesville, by way of Jefferson, to some point to be selected by it on the Georgia Railroad. The minimum capital stock was $250,000. The company was authorized, by acts of August 3,4,1881, to mortgage its property and franchises, and consolidate with connecting lines (Acts 1880-81, pp. 241, 242).…
1Opinion of the CourtLamar, J.
(after stating the foregoing facts.) The Gainesville, Jefferson and Southern Railroad Company was authorized to issue $250,000 of stock and $245,000 of first-mortgage bonds. It obtained subscriptions for $120,000 of stock, and sold $83,500 of bonds. With the proceeds it constructed about one half of its road. Its funds, being then exhausted, and it being unable to sell the remaining 'bonds or to secure subscriptions to the balance of the capital stock, its officers were advised to interest the lessees of the Georgia Railroad in the completion of the work. After many negotiations a contract…
2Cases cited31 opinions
- Central Transportation Co. v. Pullman's Palace Car Co.Supreme Court of the United States · 1891
- Thomas v. Railroad Co.Supreme Court of the United States · 1880
- Handley v. StutzSupreme Court of the United States · 1891
- Memphis & Little Rock Railroad v. DowSupreme Court of the United States · 1887
- Pennsylvania Railroad v. St. Louis, Alton & Terre Haute RailroadSupreme Court of the United States · 1886
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- Hilton v. HaynesSupreme Court of Georgia · 1918
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