McClasky v. Grand Rapids & Indiana Railroad
McClasky v. Grand Rapids & Indiana Railroad
Opinion of the Court
The complaint in this case charges that .the appellant, who was the defendant, on February 25, 1854, subscribed $500, it being twenty shares, of the capital stock of said railroad company, payable in such manner and proportion, and at such times, as the president and • directors of the company might direct; “ that defendant reserved the privilege of designating the kind of property in which he would pay the amount subscribed, and though often requested, &c., has failed to make such designation or pay said sum; to the plaintiff’s damages, $600, for which she demands judgment,” &c.
Defendant’s answer contains nine paragraphs. To the first, second, third, fourth, fifth and sixth, demurrers were sustained. The other defenses led to issues of fact. There was a verdict for the plaintiff, upon which the Court, over a motion for a new trial, rendered judgment.
The complaint is alleged to be defective because it makes no reference to any written contract of subscription; nor does it aver that any assessment or call had been made by the
The judgment is reversed, with costs. Cause remanded, &e.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.