Page:Federal Reporter, 1st Series, Volume 7.djvu/142

 ]S0 FEDERAL REPORTER. �ings of its Btockholders and bondholders are held in New York. Ail of its executive officers are elected there. Its president, secretary, and treasurer reside there, and perform there all their duties as executive officers of it. AU the meet- ings of its directors are held there. The resolution hereinaf- ter referred to was passed there, and the eontract hereinafter referred to was drawn up to be executed there, and the meet- ing of its board of directors to execute said eontract is to be held at its principal office there. It bas outstanding $4,250,- 000 of its first mortgage bonds, and $.500,000 of its preferred mortgage bonds, all secured by mortgages on its road and property and franchises; $600,000 of its income bonds, se- cured by a pledge of its net income; and $1,700,000 of its capital stock, in 17,000 shares of $100 each. The plaintif Pond owns $89,000 of the first mortgage bonds, for the bene- fit of the other plaintiffs. Under the charter of the corpora- tion and the statutes of the three states, the holders of those bonds have the right to vote at all meetings of its stockholders to the extent of one vote for each $100 of bonds at par. The first mortgage bonds are secured by a mortgage on the entire line of its road and branches, and on all its rolling stock, real and personal property, tolls and revenues, rights, and franchises. The Eichmond Company owns and operates a railroad from Richmond, in Virginia, to Danville, in Vir- ginia, and also operates a railroad from Danville aforesaid to Charlotte aforesaid. On the twenty-sixth of March, 1881, there was a meeting of the stockholders and bondholders of the Atlanta Compa,ny, at its office in New York, at which meeting a majority of its stockholders and bondholders, by resolution, authorized its president and board of directors to enter into a eontract, which is, in effect, a eontract of lease, with the Richmond Company, whereby the Atlanta Company should lease perpetually, or grant the use and possession of, its line of railroad, rolling stock, and all its property, real and Personal, and the tolls and revenues arising therefrom, and all its rights and franchises, to the Richmond Company, thereby attempting to transfer to. the Richmond Company the use, possession, and control of all its property, rights, ��� �