Majority
Headnote
Where the city of New-York sell real estate, and an action is brought by a plaintiff as a tax payer, and also as a creditor of the city, by reason of his owning §100, or over, of city stock, not due, to set aside the conveyance as void or improvident,If it be conceded that the deed from the mayor of the city of Hew-York to the defendant Varnum, is voidable or void, still the plaintiff cannot sustain this action, He cannot as a creditor of the city, for the reason that the stock he holds is not due, and the city has not made default in the payment of any interest thereon; and he has no lien upon the land in question.
The law confers no authority upon the plaintiff to prosecute this action for any other person than himself, and his interest as a tax payer of the city is too uncertain to entitle him to the interposition of the court, as between the city and a vendee of its property ; indeed, his interest in the matter in dispute, is speculative or imaginary, and clearly no greater or more certain than that of every other owner of city stock and tax payer within the corporation.
The gist of the case made by the complaint, is that the city has made a void or improvident sale of a portion of its real estate, to Varnum, and that the plaintiff believes he will sustain a pecuniary loss by reason thereof, either as a holder of city stock on which nothing is yet due, or as a tax payer of the corporation. If the plaintiff can maintain this action, every
The earlier decisions in this district, which seem to hold the doctrine that tax payers may maintain actions similar to the one at bar, have been too much shaken by recent adjudications in this city and the court of appeals, to be relied upon as establishing the right of the plaintiff to the relief demanded in his complaint.
The tax payers of the city, and holders of city stock, must find a remedy, if one is to be found, through the ballot box, the grand jury or the attorney-general, for abuses of corporate authority, by their mayor and common council, in the disposition of city property, or they must apply to the legislature for the passage of different laws than are now to be found in the statutes of the state. I am of the opinion, the complaint in the action does not state facts sufficient to constitute a cause of action, and that the order made at the special term, overruling the demurrer to the complaint, interposed by the defendants Draper and Coleman, should be reversed, and that those defendants should have judgment upon the demurrer with costs, but with leave to the plaintiff to amend his complaint in twenty days, on payment of costs.