Shippen v. Paul

34 N.J. Eq. 314
CourtNew Jersey Court of Chancery
DecidedOctober 15, 1881
StatusPublished

This text of 34 N.J. Eq. 314 (Shippen v. Paul) is published on Counsel Stack Legal Research, covering New Jersey Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Shippen v. Paul, 34 N.J. Eq. 314 (N.J. Ct. App. 1881).

Opinion

The Chancellor.

This suit is for a perpetual injunction to restrain the defendants, officers of the Highlands and Seabright Turnpike Company, from entering on the complainants’ land at Seabright, and pulling down and removing fences, barns and out-houses &c. thereon. The land in question, and which it is the object of this suit to protect against the defendants’ claim to dominion over it, is a strip of land about twenty-eight feet wide, in the rear of the lots of the complainants, on the ocean front, on which their seaside cottages are built. The bill states that the tract (of about seventy acres) of which the premises in question are part, was bought by Messrs. Shippen and Hod, two of the complainants, through the defendant Paul, as their agent; that they paid all the purchase-money; that the deed was made to Paul and he executed and delivered to them a declaration of trust; that subsequently he obtained from them an interest, one-third, in the property, and that afterwards he and they made a division of the property among them by deeds of quit-claim, release or partition ; ” that in those deeds a strip of sixty-six feet in width, of which the land in question is part, was reserved for a road or turnpike; that the turnpike company was incorporated in 1875, and, after a pretended organization had been made, proceeded f,o construct a turnpike, to the construction of which the complainant Shippen and others contributed about $2,300; that soon after the road was built the whole project of maintaining a turnpike road was abandoned, and the complainants, acting upon the fact of such total abandonment, laid out large sums upon the public highway on part of the sixty-six-feet strip in the rear of their respective properties, and built barns, fences &c. on other parts of it immediately adjoining their lots; that the turnpike company never acquired the right to the sixty-six-feet strip, or any part of it, or to any use of it in any way; that the project having been abandoned for three years, Paul, in April, 1879, [316]*316sought to effect a new organization of the company solely in his own interest and for his own benefit, and to enable him to defrkud the complainants; that such organization was illegal, because the charter was forfeited by failure to obtain the required subscriptions to stock within the time limited for the purpose in the act, and that in pursuance of Paul’s design unjustly to compel the complainants to pay him a large sum of money, notice was given by the secretary of the company, on the 16th of April, 1879, to the complainants, that they had encroached on the turnpike, and must remove the encroachments-at once, and Paul, claiming to act as superintendent of the company, threatens to move the barns, fences &c. which the complainants have erected on the sixty-six-feet strip.

This case was before the court on a motion to dissolve on bill and answer. The motion was denied, because the turnpike company showed no right to the land in question, and it seemed best to retain the injunction until the final hearing. Shippen v. Paul, 4 Stew. Eq. 439. Wow that the evidence is in, it appears, according to the weight of evidence, that the property (the seventy acres) was bought, not as stated in the bill, by Paul for himself and Shippen and Dod, but by him on his own account, and was conveyed to him accordingly by deed dated June 25th, 1869 ; that on his purchase of it, and before the deed was delivered, he gave to the vendor, Dr. Conover, for $900 of the purchase-money, a railroad bond of $1000 belonging to him, which he was to have the right to redeem by paying the $900; and when the deed was delivered he gave a mortgage for the rest of the purchase-money. He subsequently let Messrs. Shippen and Dod into equal ownership of the property with him, and he and they made up in equal shares in cash the amount of the whole of the purchase-money, less a discount of $190 allowed to him by Dr. Conover on the part of it secured by mortgage. Of this money, Messrs. Shippen and Dod paid to Paul each $300 on the 1st of July, 1869, and with that money and $300 of his own, he redeemed the railroad bond. They paid the rest of their shares of the money to him (each paying $1,423.33-^) on the 17th of the same month ; and he, con[317]*317tributing a like amount, took up the mortgage. The considera-, tion of the deed to him is $5,360. The moneys paid amounted, altogether, to $5,170. The rest is the discount, $190, before mentioned, allowed on the money secured by mortgage. Mr. Paul, it may be remarked, is corroborated in his statement that he gave a bond and mortgage for part of the purchase-money by Mr. Corlies, who drew those papers; and no attempt is made to ■contradict his statement that he gave the railroad bond on account of the purchase-money, as before mentioned. When Paul let Shippen and Dod in, he executed a declaration of trust declaring his and their respective interests in the property. Afterwards, and in January, 1872, he conveyed to them respectively, fbr their respective shares, certain lots, pursuant to an agreement of partition made by him and them. In the deeds to them, he excepted and reserved out of the lands conveyed to them, a strip of land belonging to the railroad company, and a strip sixty-six feet wide, as laid down on a map which he had caused to be made of the property, and which is filed in the Monmouth' ■county clerk’s office, along the east and west sides of and adjoining the railroad company’s land (part of it is on the east and part on the west side of the railroad company’s land), declaring that that strip shall be “ for a public road or turnpike, and for no other use.” The turnpike company was incorporated in 1875. (P. L. of 1875, p. 191.) It was authorized to construct a turnpike road from the'Highlands station, on the Long Branch, and •Sea Shore railroad, to Seabright station, beginning one hundred feet south of the easterly abutment of the Havesink bridge, at the Highlands, and ending at the easterly abutment of the bridge across the Shrewsbury river at Seabright. The act provides that the turnpike road shall be at least twenty-five feet in breadth along the middle, as nearly as may be, of the highway. It also provides that the capital stock of the company shall be $10,000, with liberty to increase it to $15,000, to be divided into shares of $25 each ; and that when eighty shares shall be ■subscribed for ($2 a share to be paid in on subscribing, and the rest in installments, at the call of the president and directors of the company), the persons holding them shall be a corporation [318]*318. by the name of the Highlands and Seabright Turnpike Company. The act provides that twenty days’ notice of opening the books shall be published in at least two newspapers published in this state. By the fourth section it is provided that if the eighty shares should not be subscribed for in three years from the opening of the books, the act and all the subscriptions shoúld be null and void. The next section provides that when the eighty shares shall have been subscribed, a meeting of the stockholders for organization shall be called on twenty days’ like notice. The first notice for subscriptions to the stock was given in 1875. It was published in only one newspaper, instead of two, as the charter directed. Mr. Corlies testifies that on the day fixed in the notice for the meeting, not less than forty shares were subscribed, and the whole of the requisite eighty were obtained in the course of the next three or four days. The subscriptions appear to have amounted to $2,150.

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Bluebook (online)
34 N.J. Eq. 314, Counsel Stack Legal Research, https://law.counselstack.com/opinion/shippen-v-paul-njch-1881.