Bates County v. Winters

Citations

• 112 U.S. 325
• 5 S. Ct. 157
• 28 L. Ed. 744
• 1884 U.S. LEXIS 1886

Syllabus

<p>A vote by a County Court in Missouri subscribing to tbe capital stock of a railroad company on certain conditions named in. the vote, and directing a designated agent to make the subscription on the stock books of the company, and to copy the conditions in full thereon; and a presentation of the subscription and of the conditions in writing by the agent in person to the directors at a directors’ meeting ; and the acceptance of them by the board with a direction that the same be spread upon the record books of the company, constituted a subscription to the stock, although no actual subscription was made by the agent personally on the stock books.</p> <p>In Missouri the consolidation of two or more railroad companies organized under the general law does not avoid subscriptions made to the stock of • either, or invalidate the delivery of municipal bonds to the consolidated company in payment of such subscriptions.</p>