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MARKET COMPANY v. KELLY

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113 U.S. 199 (1885)

5 S.Ct. 422

28 L.Ed. 948

NORTHERN LIBERTY MARKET COMPANY, v. KELLY.

Supreme Court of United States.

Decided January 19, 1885.

Attorney(s) appearing for the Case

Mr. R.T. Merrick and Mr. J.J. Darlington for plaintiff in error.

Mr. James G. Payne for defendant in error.

MR. JUSTICE GRAY delivered the opinion of the court. He recited the facts as above stated, and continued:

The plaintiff insists that the original notes were valid, because a corporation, empowered to hold and convey real estate for the objects of its incorporation, may convey an estate in fee or any less estate in lands which it has purchased, and may therefore make a valid lease of them for any term of years, though extending...

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