People v. Rockaway Beach Improvement Co.
This text of 35 N.Y. Sup. Ct. 356 (People v. Rockaway Beach Improvement Co.) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The order granting an extra allowance recites that it was made on notice served upon, among others, Mr. Cadwalader, attorney for divers creditors and stockholders. . So far as he was attorney for creditors and stockholders we think he had a right to appeal from an order made on notice to him; and we cannot dismiss the appeal.
The action was brought to dissolve the defendant, a corporation ; to restrain it from exercising its functions and to appoint a receiver. An answer was put in and withdrawn, and judgment was taken for want of an answer.
There was no sum recovered or claimed. What was the value of the subject-matter involved? (Code Civ. Pro., § 3253.) The matter involved was not the property of the corporation. No one disputed their title to that. All that was involved was the existence of the franchise. (O. and L. C. R. R. v. V. and C. R. R., 63 N. Y., 177; People v. N. Y. amd S. I. Ferry Co., 68 id., 72.) There is no proof that the franchise had any value. And therefore there was nothing upon which the extra allowance of $500 could be calculated. The allowance must have assumed that the franchise was worth $100,000. Nothing shows that it was worth one cent.
The order should be reversed, with ten dollars costs and printing disbursements, and motion denied, with ten dollars costs.
Order reversed, with ten dollars costs and printing disbursements, and motion denied with ten dollars costs.
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35 N.Y. Sup. Ct. 356, Counsel Stack Legal Research, https://law.counselstack.com/opinion/people-v-rockaway-beach-improvement-co-nysupct-1882.