Bates County v. Winters - 112 U.S. 325 (1884)
U.S. Supreme Court
Bates County v. Winters, 112 U.S. 325 (1884)
Bates County v. Winters
Argued November 12, 1884
Decided November 24, 1884
112 U.S. 325
A vote by a county court in Missouri subscribing to the 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.
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.
This was a suit to recover on bonds issued by the plaintiff
in error in payment of a subscription to the stock of a railroad company. The facts are stated in the opinion.