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action agents amount apply assets authority Bank become benefit body capital stock certificate charter claim common conduct conferred consent constitutional contract court created creditors debts directors dissolution doctrine duties effect equity established execution exercise existence express filed firm Give given granted hands held hold implied incorporation individual interest issue judgment land legislative legislature liability limits managers manner Mass matters meeting ment municipal corporation nature necessary notice object officers organization original owner Page paid parties partner partnership payment person poration possess principle profits proper purchase question railroad reason received reference regard regulate relation respect rule SECTION secure share statute stockholders streets territory thereof tion torts town transaction United unless usually vote
Page 213 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law. it possesses only those properties which the charter of its creation confers upon it, either expressly, or as incidental to its very existence.
Page 99 - These are such as are supposed best calculated to effect the object for which it was created. Among the most important are immortality, and, if the expression may be allowed, individuality — properties by which a perpetual succession of many persons are considered as the same, and may act as a single individual. They enable a corporation to manage its own affairs and to hold property without the perplexing intricacies, the hazardous and endless necessity, of perpetual conveyances for the purpose...
Page 174 - The act of a majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors unless the act of a greater number is required by law or by these By-Laws.
Page 172 - ... of such filing and record, or a duplicate original of such certificate or amended or supplemental certificate shall be filed and similarly recorded and indexed in the office of the clerk of the county in which the office of the corporation is to be located...
Page 113 - The opinion of the court, after mature deliberation, is that this is a contract, the obligation of which cannot be impaired without violating the constitution of the United States. This opinion appears to us to be equally supported by reason and by the former decisions of this court.
Page 106 - Although, among the enumerated powers of government, we do not find the word " bank," or " incorporation," we find the great powers to lay and collect taxes ; to borrow money ; to regulate commerce ; to declare and conduct a war ; and to raise and support armies and navies. The sword and the purse, all the external relations, and no inconsiderable portion of the industry of the nation, are intrusted to its government.
Page 194 - The application shall be subscribed and sworn to by each of the said supervisors before an officer authorized by the laws of this state to take...
Page 197 - ... stock owned by him for as many persons as there are directors or managers to be elected, or to cumulate said shares and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them, on the same principle, among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner...