Book Description

Excerpt from Summary of Cases Relating to Farmers' Cooperative Associations, Vol. 30: June 1946 In the case of appeal of Paducah Illinois Railroad Company, 2 e.t.a. 1001, it appeared that certain railroad companies organized the Paducah Illinois Railroad Company for the purpose of building and operating a bridge across the Ohio River for the use of the railroads concerned. Each railroad took a small amount of stock in the Paducah Illinois Railroad Company, the bridge company, which company issued bonds in the amount of out of the proceeds of which the bridge was con structed. These bonds were guaranteed by the railroad companies using the bridge and they were obligated to furnish money for their retirement. In pursuance of agreements entered into by all of the companies involved, payments for the use of the bridge were made by the railroad companies using this facility and it was provided in effect that any amounts paid by any of the railroad companies over and above the share of each rail road company required for the maintenance of the bridge should be used for the retiring of the bonded indebtedness, Whereupon preferred stock of the taxpayer was to be issued to the railroad company for the amount in question. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.