[Download] "Joseph Smith, Appellant v. the Chesapeake and Ohio Canal Company" by United States Supreme Court # Book PDF Kindle ePub Free
eBook details
- Title: Joseph Smith, Appellant v. the Chesapeake and Ohio Canal Company
- Author : United States Supreme Court
- Release Date : January 01, 1840
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
This is an appeal, in Chancery, from the decree of the Circuit Court of the District of Columbia. The complainant represents himself to be a judgment creditor of the Potomac Company, which was incorporated in 1784, by acts of the Virginia and Maryland legislatures, for the purpose of opening and extending the navigation of the Potomac river. That on the organization of the Chesapeake and Ohio Canal Company, in 1825, under a charter obtained the preceding year, the Potomac Company surrendered its charter, and conveyed to the new company all 'the property, rights, and privileges by them owned.' That certificates of stock in the old company, and also its debts, were made receivable by the new company in payment for stock; and certain provision was made in behalf of those creditors who should not take stock in payment of their claims.