Preston v. Loughran
New York Supreme Court
Appeal from circuit court, Ulster county. Action of ejectment by George C. Preston, as receiver of the Ulster County Agricultural Society, against Robert Loughran. Prom a judgment for plaintiff, on trial by the court, a jury having been waived, defendant appeals.
1Opinion of the CourtLearned, P. J.
This is an action of ejectment, tried before the court without a jury. The property in Question, on or prior to June 6,1874, belonged to the Ulster County Agricultural Society, a corporation, under chapter 425, Laws 1855, arid the special provision of chapter 394, Laws 1867. On that day a meeting of the stockholders was held, and, by a two-thirds vote, it was resolved to mortgage the property to the amount of $1,300, and to pay existing debts; such bond and mortgage to be executed by the president, secretary, and treasurer of the society, or a majority of them. A written consent of the same…
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