[Download] "Huntington v. Savings Bank" by United States Supreme Court * eBook PDF Kindle ePub Free

July 06, 2021

eBook details

Title: Huntington v. Savings Bank
Author : United States Supreme Court
Release Date : January 01, 1877
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 59 KB

Description

Mr. Benjamin F. Butler and Mr. Joseph H. Bradley for the appellants. 1. By the provisions of the charter, the company had a capital of $200,000, as security for the repayment of the deposits with interest. Capital is the security for the payment of the debts of a corporation, in whatever form it may be, whether in cash, property, bonds, or notes. It is the fund from which calls upon the stockholders and dividends are to be paid. Nichols v. Tracy, 1 Sandf. (N. Y.) Ch. 278; Durar v. Insurance Company, 4 Zab. (N. J.) 171; Angell & Ames, Corp., sects. 157, 556; The People v. Batchelor, 28 Barb. (N. Y.) 310; Hightower v. Thornton et al., 8 Ga. 486.