People's Natural Gas Co. v. American Natural Gas Co.

Citations

• 233 Pa. 569
• 82 A. 935
• 1912 Pa. LEXIS 873

Syllabus

<p>Equity — Notice—Specific performance — Natural gas companies — Corporations — Contracts.</p> <p>1. A court of equity has jurisdiction to specifically enforce a contract to supply natural gas.</p> <p>2. A party taking with notice of an equity takes subject to that equity.</p> <p>3. A court of equity has the power to prevent a natural gas company from disposing of substantially all of its property for the purpose of escaping from complying with its contracts and defrauding its creditors; and if such company sells its property to another natural gas company which has notice of existing contracts for supplying gas, the vendee company will be compelled to specifically perform these contracts.</p>