A Treatise on the Law of Private Corporations, Volume 2Little, Brown, 1886 - 1173 pages |
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Common terms and phrases
act of consolidation agents agreement alter amount apply assets association Atty.-Gen authority Barb benefit binding bona fide purchaser capital stock claims common law Compare conferred Conn consolidation constitutional contract corporate capacity County court of equity debts defendant directors dissolution duty eminent domain enacted enforce entitled equity estoppel exercise existence expressly foreign corporation forfeiture formed franchises fund grant held holders impair incorporation individual liability infra insolvent issue judgment jurisdiction Justice law of agency legislative legislature Manuf mortgage N. J. Eq N. J. Law obligation Ohio St pany parties payment performed person poration prohibition provision purchaser purpose R. R. Co railroad company reason remedy repeal rights of creditors rule service of process shareholders shares statute statutory stockholders subscribed subscription suit supra Supreme Court tion transfer trust Turnpike Co ultra vires unauthorized United valid violation void
Popular passages
Page 918 - It exists only in contemplation of law and by force of the law; and where that law ceases to operate, and is no longer obligatory, the corporation can have no existence. It must dwell in the place of its creation, and cannot migrate to another sovereignty.
Page 937 - Court or removed from a state court to a Circuit Court of the United States, it shall appear to the satisfaction of said Circuit Court...
Page 930 - the privileges and immunities secured to citizens of each State in the several States, by the provision in question, are those privileges and immunities which are common to the citizens in the latter States under their constitution and laws by virtue of their being citizens.
Page 719 - The due incorporation of any company, claiming in good faith to be a corporation under this part, and doing business as such, or its right to exercise corporate powers, shall not be inquired into, collaterally, in any private suit to which such de facto corporation may be a party; but such inquiry may be had at the suit of the state on information of the attorneygeneral.
Page 1047 - Government on the property of the citizen and with the other to bestow It upon favored individuals to aid private enterprises and build up private fortunes is none the less a robbery because it is done under the forms of law and is called taxation. This Is not legislation. It is a decree under legislative forms. * * * We have established, we think, beyond cavil, that there can be no lawful tax which is not laid for a public purpose.
Page 854 - The shareholders of every Federal reserve bank shall be held individually responsible, equally and ratably, and not one for another...
Page 1082 - That principle is, that where a corporation, like a railroad company, has granted to it by charter a franchise intended in large measure to be exercised for the public good, the due performance of those functions being the consideration of the public grant, Opinion of the Court.
Page 1033 - Property does become clothed with a public interest when used in a manner to make it of public consequence, and affect the community at large. When, therefore, one devotes his property to a use in which the public has an interest, he, in effect, grants to the public an interest in the use, and must submit to be controlled by the public for the common good, to the extent of the interest he has thus created. He may withdraw his grant by discontinuing the use; but, so long as he maintains the use, he...
Page 1081 - So long as the public are served to their reasonable satisfaction, it is a matter of no importance who serves them. The railroad company performs its whole duty to the public at large and to each individual when it affords the public all reasonable express accommodations. If this is done the railroad company owes no duty to the public as to the particular agencies it shall select for that purpose. The public require the carriage, but the company may choose its own appropriate means of carriage, always...
Page 831 - ... the assets of the company if he has ceased to be a member for a period of one year or upwards prior to the commencement of the winding up.
Bibliographic information
| Title | A Treatise on the Law of Private Corporations, Volume 2 A Treatise on the Law of Private Corporations, Victor Morawetz |
| Author | Victor Morawetz |
| Edition | 2 |
| Publisher | Little, Brown, 1886 |
| Length | 1173 pages |
| Export Citation | BiBTeX EndNote RefMan |