A Treatise on the Law of Private Corporations, Volume 1Little, Brown, 1886 - 1173 pages |
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Common terms and phrases
agreement apply articles of association assignment authority Bank of England Bank of United Barb Beav become a shareholder binding bona fide purchaser Boston Canal capital Central R. R. certificate of shares charter common law company's Compare condition precedent Conn consent constitute contract of membership County court of equity creditors directors dividends entitled Evansville forfeiture franchises fraud grant held holder implied impliedly incorporation individual shareholders Infra Iowa issue Lake Ontario legislature liability Manuf Mass merely N. J. Eq Ohio Ohio St paid pany parties payment person plaintiff Plank Road poration profits purchaser purpose railroad company remedy rule Salisbury Mills shareholders Smith statute stockholders subscriber subscription for shares suit Supra Tallassee tion transfer trust Turnp Turnpike Turnpike Co unauthorized Union Valley R. R. Wend York
Popular passages
Page 256 - Every bill brought by one or more stockholders in a corporation, against the corporation and other parties, founded on rights which may properly be asserted by the corporation...
Page 235 - But in addition to the existence of grievances which call for this kind of relief, it is equally important that before the shareholder is permitted in his own name to institute and conduct a litigation which usually belongs to the corporation, he should show to the satisfaction of the court that he has exhausted all the means within his reach to obtain, within the corporation itself, the redress of his grievances, or action in conformity to his wishes.
Page 368 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 506 - The cashier is the executive officer, •through whom the whole financial operations of the bank are con•ducted. He receives and pays out its moneys, collects and pays its debts, and receives and transfers its commercial securities. Tellers and other subordinate officers may be appointed, but they are under his direction, and are, as it were, the arms by which designated portions of his various functions are discharged.
Page 456 - M. , for the purpose of electing Directors and for the transaction of such other business as may come before the meeting.
Page 183 - It is in obedience to this requirement, that stock certificates of all kinds have been constructed in a way to invite the confidence of business men, so that they have become the basis of commercial transactions in all the large cities of the country, and are sold in open market the same as other securities. Although neither in form nor character negotiable paper, they approximate to it as nearly as practicable.
Page 2 - ... having perpetual succession under an artificial form, and vested by the policy of the law with the capacity of acting in several respects as an individual, particularly of taking and granting property, of contracting obligations and of suing and being sued, of enjoying privileges and immunities in common, and of exercising a variety of political rights, more or less extensive, according to the design of its institution, or the powers conferred upon it, either at the time of its creation or at...
Page 516 - The company in general meeting may, by a special resolution, remove any director before the expiration of his period of office, and may, by an ordinary resolution, appoint another person in his stead. The person so appointed shall hold office during such time only as the director in whose place he is appointed would have held the same if he had not been removed.
Page 487 - Hence all arrangements by directors of a railroad company, to secure an undue advantage to themselves at its expense, by the formation of a new company as an auxiliary to the original one, with an understanding that they, or some of them, shall take stock in it, and then that valuable...
Page 184 - This is a notification to all persons interested to know, that whoever in good faith buys the stock, and produces to the corporation the certificates, regularly assigned, with power to transfer, is entitled to have the stock transferred to him. And the notification goes further, for it assures the holder that the corporation will not transfer the stock to any one not in possession of the certificates.