Haynes v. Kent

Citations

• 8 La. Ann. 132

Syllabus

<p>The Stockholders of the Clinton and Port Hudson Railroad Company are, in no legal sense, joint debtors of the Corporation. The obligations of each are several, and entirely unconnected with those of the other stockholders.</p> <p>A stockholder in the Clinton and Port Hudson Railroad Company, who holds the bonds and coupons belonging to the series for which his mortgage is pledged, may plead the same in compensation of his stock subscription.</p>