Cape Girardeau-Jackson Interurban Railway Co. v. Light & Development Co.

210 S.W. 361, 277 Mo. 579, 1919 Mo. LEXIS 47
CourtSupreme Court of Missouri
DecidedMarch 28, 1919
StatusPublished
Cited by9 cases

This text of 210 S.W. 361 (Cape Girardeau-Jackson Interurban Railway Co. v. Light & Development Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cape Girardeau-Jackson Interurban Railway Co. v. Light & Development Co., 210 S.W. 361, 277 Mo. 579, 1919 Mo. LEXIS 47 (Mo. 1919).

Opinion

WOODSON, J.

This suit was instituted by the plaintiffs in the Circuit Court of Cape Girardeau County against the defendants for the specific performance-[583]*583of a written contract made by the defendants for the purchase of the stocks, bonds and properties of the Cape Girardeau-Jackson Interurban Railway Company from plaintiffs. The contract will be presently set out in full.

The trial resulted in a decree in favor of the plaintiffs and the defendants duly appealed the cauise to this court.

The record is unusually long, covering about 760 pages of printed matter; since, however, the facts are practically undisputed, we will be saved the labor of wading through this great volume of evidence, except regarding some few details.

The facts were substantially as follows:

The plaintiffs, on and prior to February 17, 1913, were the' owners of all of the stocks, bonds and properties of the Cape Girardeau-Jackson Interurban Railway Company, and on and prior to the same date, the defendant, the Light So Development Company (the defendant, Gibony Houck having no interest in the matter), was the owner ‘of a majority, if not all, of the stocks and bonds of the Cape Girardeau Water Works and Electric Light Company of Cape Girardeau, Missouri. At that time the corporate franchise of the latter company was about to expire, and it was then asking for a new charter in the name of the Missouri Public Utilities Company, instead of the Cape Girardeau Water Works So Electric Light Company.

The defendant was and is a holding corporation, owning and operating water works, electric light and power plants throughout Southeast Missouri, with its principle' place of business in the City of St. Louis, Missouri.

The articles of association of the Cape Girardeau-Jackson Interurban Railway Company were signed and acknowledged on the 4th day of October, 1902, filed in the office of the Secretary of State, and a certificate of incorporation issued October 16, 1902. The said articles of association of the said Railway Company recited: That the said Railway Company was organized [584]*584under the provisions of Article “2,” Chapter “12,?5 of the Revised Statutes of 1899. That the said company was “formed for the purpose of constructing, maintaining and operating a standard gauge railroad in the City of Cape Girardeau, County of Cape Girardeau and State of Missouri, and from the City of Cape Girardeau to the City of Jackson, in the said county, and in said City of Jackson; and the said articles of association further recited that “the approximate length of said railroad is eighteen miles, situated wholly in the County of Cape Girardeau, in the State of Missouri.”

The plaintiff, Cape Girardeau-Jackson Interurban Railway Company, had the right, under its franchise, also had the power, to furnish heat, power and light to. the public.

That on January 4, 1913, the buildings and machinery of the Street Railway Company had been damaged or destroyed by fire, which prevented the company from prosecuting its business. This, in fact, as I understand the record, was one of the inducing causes which lead to the execution of the contract of purchase before mentioned.

On the 7th day of September, 1892, the City of Cape Girardeau — a city of the third class — by ordinance numbered 484, granted to William Penny and L. S. Joseph and their associates and assigns a franchise to build and operate a street railroad on certain streets, naming them, in that city. On October 14, 1892, Penny and Joseph accepted the franchise. Under this ordinance 484 a street railroad was constructed and operated by horse power on the streets named in Cape Girardeau.

On September 30, 1902, the City of Cape Girardeau, by ordinance, No. 637, granted, to James S. Lapsley and his associates and assigns a franchise “to construct, maintain and operate a street railway and an electric light, heat and power plant within the corporate limits of the City of Cape Girardeau.” The preamble to this ordinance recites:

[585]*585“Whereas, it is proposed by James S. Lapsley, his associates or successors or assigns, or a corporation to he formed for the purpose, to construct, operate and maintain in the City of Cape Girardeau, a street railway, and speedily thereafter to extend samé to the City of Jackson . . . and operate and maintain a line of electric ears thereon and also to construct, operate and maintain an electric lighting plant in the City of Cape Girardeau,” etc.

Section 1 of the ordinance names the streets and the distances on the streets the street railroad was to be operated.

Section 11 of the franchise authorizes the grantee, to construct, maintain and operate an electric light, heat and power plant within the corporate limits of the city and to furnish heat and power and light during the life of the franchise, with a right to have the same renewed.

Section 12 authorized Mr. Lapsley and his grantees to erect poles, lamps, wires and fixtures, upon, along and over the streets of the city with the right to extend the same.

And section 13 provided that Lapsley and his grantees were authorized to contract with the city for furnishing light for municipal purposes.

Soon after obtaining this franchise from the City of Cape Girardeau, to-wit, on October 4, 1902, James S. Lapsley, R. F. Walker and others signed articles of association for the incorporation of the Cape Gir-ardeau-Jackson Interurban Railway Company;

The articles of association recite that the incor-porators have associated themselves together under Article II, Chapter 12, of the Revised Statutes 1899, for the purpose of forming a “corporation” “to construct, operate and maintain a standard-gauge railroad line for public use in the conveyance of persons, property, mail, express ... in the City of Cape Girardeau, County of Cape Girardeau and State of Mis[586]*586souri, and from the City of Cape Girardeau to the City' of Jackson in said County.”

The “corporation” was capitalized at $300,000, divided into three thousand shares, each share of the par value of $100.

Mr. Lapsley then sold and assigned to the Cape Girardeau-Jackson Interurban Railway Company the franchise granted to him by the City of Cape Girardeau, being ordinance No. 637, for the building, operating and maintaining a street railroad within the corporate limits of the City of Cape Girardeau.

Afterwards the Cape Girardeau-Jackson Interurban Railway acquired by purchase the franchise and horse railroad that was authorized and constructed under ordinance No. 484 to William A. Penny and L. S. Joseph in 1892.

Up to 1904 or 1905, nothing had been done by the stockholders of the Cape Girardeau-Jackson Interurban Railway Company toward the construction or building of a street railway within the corporate limits of the City of Cape Girardeau. About that time William H. Harriáon and John H. Himmelberger were induced to become interested in the enterprise. At that time all the stock in the Cape Girardeau-Jackson Interurban Railway Company was owned by William H. Miller, David A. Glenn, L. S. Joseph, Rodney G. Whitelaw, Robert W. Matteson, J. H. Himmelberger, R. E. Gurley, R. A. Ogle and William H. Harrison, all residents and citizens of the City of .Cape Girardeau, except Gurley and Ogle.

The street railway company had no money or funds with which to start the work of construction.

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Bluebook (online)
210 S.W. 361, 277 Mo. 579, 1919 Mo. LEXIS 47, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cape-girardeau-jackson-interurban-railway-co-v-light-development-co-mo-1919.