Case Name: CALLANAN v. KEESVILLE, A. C. & L. C. R. CO. et al.
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1909-05-21
Citations: 118 N.Y.S. 1097
Docket Number: 
Parties: CALLANAN v. KEESVILLE, A. C. & L. C. R. CO. et al.
Judges: 
Reporter: West's New York Supplement
Volume: 118
Pages: 1097–1098

Head Matter:
CALLANAN v. KEESVILLE, A. C. & L. C. R. CO. et al.
(Supreme Court, Appellate Division, Third Department.
May 21, 1909.)
Action by Michael J. Callanan, suing individually and in behalf of other stockholders of the defendant railroad company similarly situated, against the Keesville, Ausable Chasm & Lake Champlain Railroad Company and others.

Opinion:
PER CURIAM.
Judgment (115 N. Y. Supp. 779), as settled, modified to provide that the plaintiff, within 30 days from the service of a copy of this judgment and notice of entry, elect whether he will comply with the conditions upon which relief is here given. If he does not within that time elect to comply with said conditions, the complaint is dismissed, without costs. If he does elect to comply with said conditions, the accounting is to proceed as specified in the judgment appealed from, except that the defendants may have credit for the amount reasonably expended upon the said road and in its management up to the date of the entry of this judgment, and are to be charged with the receipts from the road to the same date. Hon. Lynn J. Arnold is appointed referee to take and state the accounts and report them to the court. Upon the confirmation of his report, defendants Powers & Mansfield may have judgment against the railroad company for the amount found due. Upon the payment of that judgment the defendants shall turn back to the company the road and its equipment and other property as specified in the original judgment. After the payment of said judgment and the return of the property, either party may apply for a supplemental accounting of the moneys received and expended between the date of this judgment and the date upon which said property is returned. At any time after the entry of this interlocutory judgment the plaintiff may give a bond, with sufficient sureties, in the sum of $80,000, conditioned for the payment of the amount found due to Powers & Mansfield or Powers & Mansfield Company, upon the "accounting. This bond to be approved by a Justice of the Supreme Court. Upon its approval the defendants shall deliver to the company the road and its equipment and the other property specified in the original judgment. If such bond be given and the property turned back, then the referee shall upon the accounting ascertain the amount received and reasonably expended to the time of the actual return of the property. Costs of this reference to be paid as shall be directed by the final judgment. The judgment, as modified, to be settled before COÓHRANE, J.