Coburn v. Factors & Traders Ins.
U.S. Circuit Court for the District of Eastern Louisiana
Admiralty Appeal. From 1871 to 1876 the libelant was master of the tug Tyler, owned by the Harbor Protection Company, a body claiming to be incorporated by a number of the insurance companies of New Orleans, the act being signed by their respective presidents, and the stock owned by the various companies.
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Admiralty Appeal. From 1871 to 1876 the libelant was master of the tug Tyler, owned by the Harbor Protection Company, a body claiming to be incorporated by a number of the insurance companies of New Orleans, the act being signed by their respective presidents, and the stock owned by the various companies. The tug was employed as a fire-boat in the harbor of New Orleans, extinguishing fires.on ships, etc., throwing water over the levees for the use of the fire-engines, and did some towing also. During this period she had earned salvage by putting out fires on ships, steam-boats, etc., in the…
1Opinion of the CourtPardee, J.
After much deliberation in this ease I have concluded that it makes very little, if any, difference whether the respondent companies were stockholders, incorporators, or copartners in the Harbor Protection Company. In either case they were beyond their rights and powers under the scope and effect of their charters as insurance companies, and what they have done has been ultra vires. But the view I take of the case renders it unnecessary to determine the responsibilities devolving on them by reason of their connection with the Harbor Protection Company, but for the case concede them to be as…
2Cited by8 opinions
- Nolte v. Hudson Nav. Co.Court of Appeals for the Second Circuit · 1924
- Norfolk Sand & Cement Co. v. OwenCourt of Appeals for the Fourth Circuit · 1902
- Pan-American Trading Co. v. FranquizDistrict Court, S.D. Florida · 1925
- The Boise PenroseDistrict Court, S.D. New York · 1926
- The MarjorieCourt of Appeals for the Fourth Circuit · 1907
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