In re Centennial Board of Finance

U.S. Circuit Court for the District of Eastern Pennsylvania

In re Centennial Board of Finance

48 F. 350, 1891 U.S. App. LEXIS 1602

CourtU.S. Circuit Court for the District of Eastern Pennsylvania

DecidedJune 29, 1891

StatusPublished

This text of 48 F. 350 (In re Centennial Board of Finance) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of Eastern Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In re Centennial Board of Finance, 48 F. 350, 1891 U.S. App. LEXIS 1602 (circtedpa 1891).

Pincite

Opinion

Butler, J.

The petitioners are not ordinary trustees, but the officers of a corporation, with active duties to perform as such. The distribution of the moneys in their hands is provided for by the statute out of which the corporation grew. The petitioners are required to divide it [351]*351among the stockholders. From the performance of this duty ive cannot relieve them. Their situation is rendered embarrassing by the circumstances stated in the petition, and we would relieve tliom if we had the power to do so, and could thus exercise it with propriety. Relief may probably be found through application to congress.

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Butler, J.

The petitioners are not ordinary trustees, but the officers of a corporation, with active duties to perform as such. The distribution of the moneys in their hands is provided for by the statute out of which the corporation grew. The petitioners are required to divide it [351]*351among the stockholders. From the performance of this duty ive cannot relieve them. Their situation is rendered embarrassing by the circumstances stated in the petition, and we would relieve tliom if we had the power to do so, and could thus exercise it with propriety. Relief may probably be found through application to congress.

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Bluebook (online)

48 F. 350, 1891 U.S. App. LEXIS 1602, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-centennial-board-of-finance-circtedpa-1891.