53 Vt. 130 | Vt. | 1880
The opinion of the court was delivered by
The plaintiffs claim no title to the clay-bed, the digging and carrying away of which furnished the occasion for entering upon the close complained of. They admit that that title is outstanding. If the defendant has it he was justified in what he did. The plaintiffs’ grantor conveyed it to Archer and others, and the latter to the United States Pottery Company. So far, no question is made. Nor is any question made but that the defendant
But there is another palpable error in the holding of the County Court. The record of the U. S. Pottery Company, together with its articles of association, and annual reports made, subscribed, sworn to, and recorded in the town clerk’s office, as required by statute, showed Sidney B. McEowen to be a stockholder in said company. The plaintiffs were allowed, against the' exception of the defendant, to introduce evidence tending to show that he was not in fact such a stockholder. The object and purpose of the statute requiring the recording of the articles of association, and annual reports, was to show to the public who were the stockholders, the amount of capital paid in, and the amount of the debts of such company, that the creditors of the company might know the credit and standing of the company, and who the stockholders were, to whom they might look personally for their debts in case of violation of the provisions of the statute, regarding contracting debts in excess of capital paid in, &o. Chapter 86, Gen. Sts. ss. 41 to 66 inclusive. All the provisions of the act under which the company organized show that the recording of
The judgment of the County Court is reversed, and cause remanded.