Gue v. Tide Water Canal CompanyAnnotate this Case
65 U.S. 257 (1860)
U.S. Supreme Court
Gue v. Tide Water Canal Company, 65 U.S. 24 How. 257 257 (1860)
Gue v. Tide Water Canal Company
5 U.S. (24 How.) 257
A corporate franchise to take tolls on a canal cannot be seized and sold under a fieri facias unless authorized by a statute of the state which granted the act of incorporation.
Neither can the lands or works essential to the enjoyment of the franchise be separated from it and sold under a fi. fa. so as to destroy or impair the value of the franchise.
The case is stated in the opinion of the Court.