4 N.Y.S. 15 | N.Y. Sup. Ct. | 1889
The cause of action, as alleged, rests upon information and belief. If the occurrences stated took place as narrated, the defendants assumed the payment of the coupons on which the action was brought. They are not original obligations of the defendant,' but became payable by it on the purchase of the Indianapolis, Decatur & Springfield Bail way Company—the subsequent organization of two new corporations—by the purchasing committee to which the purchase was transferred, and the ultimate consolidation of these new companies into one, namely, the defendant in this action. If all this was done as averred, and legally accomplished, the defendant would be liable for the interest coupons mentioned, but the allegations should be so made as to leave no doubt of the facts stated. The mere averment of them on information and belief, without explanation or profert of any document, or the expression of the sources of information and ability to get the informants as affiants, leaves a meager case on which to seize the defendant’s prop