Stagg v. Curators of Kentucky University
Stagg v. Curators of Kentucky University
Opinion of the Court
Opinion of the Court by
Although appellant alleges in his petition that his said subscription was made and procured upon the faith and representation by the authorized agent to procure subscriptions for the permanent endowment of said institution, that it should be located in, or near Harrodsburg. He fails to allege that his subscription contained that condition, and also fails to allege that said agent, although authorized to procure subscriptions, was authorized to make the asserted representation.
Moreover, it appears from the certificate of stock filed by ap
There is nothing in the original charter prohibiting the removal of the University, or, subjecting it to the repayment of the .stock, to stockholders in case of removal; but by the Act of the legislature authorizing the removal of said University to Fayette county, it is bound to refund to the citizens of Mercer county the amount of tuition unpaid to them. But appellant had removed from the county of Mercer before the passage of said Act, as is alleged in his petition, and is not entitled to the benefit of that provision.
It seems that the petition failed to state facts to constitute a cause of action. Wherefore, the judgment is affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.