Commentaries on the Law of Private Corporations: Whether with Or Without Capital Stock, Also of Joint-stock Companies and of All the Various Voluntary Unicorporated Associations Organized for Pecuniary Profit Or Mutual Benefit, Volume 1T. H. Flood & Company, 1891 |
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Other editions - View all
Commentaries on the Law of Private Corporations, Vol. 1 of 2: Whether With ... Charles Fisk Beach Jr. No preview available - 2017 |
Commentaries on the Law of Private Corporations, Vol. 1 of 2: Whether With ... Charles Fisk Beach Jr No preview available - 2017 |
Common terms and phrases
agent Allen amendment Assoc Atlan authority Barb Beav Biss Boston &c Branch Bank Bridge by-laws Canal capital stock charter Chicago &c Church City club Conn constitution contract Corp corporation County court court of equity creditors Dartmouth College debts defendant directors forfeiture franchises granted held holders incorporation Iowa Jones L. J. Ch legislature liability Louis &c Manuf Mass ment Minn N. J. Eq N. R. Co N. W. Rep N. Y. Laws N. Y. Supl National Bank officers Ohio St organized Orleans Pacific pany partnership persons Phila Pittsburgh &c plaintiff poration quo warranto Railroad railway Savings Bank shareholders shares Smith statute stockholders subscriber subscription tion Trust Turnpike Turnpike Co ultra vires Union Wall Wend Western Union York &c
Popular passages
Page 54 - 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 that use, and must submit to be controlled by the public for the common good, to the extent of the interest he has thus created.
Page 133 - ... liable as a stockholder accordingly, and the estates and funds in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate, or the ward or person interested in such trust...
Page cxc - It is chiefly for the purpose of clothing bodies of men in succession with these qualities and capacities that corporations were invented and are in use. By these means, a perpetual succession of individuals are capable of acting for the promotion of the particular object, like one immortal being.
Page cxc - 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.
Page 425 - To divide, withdraw, or in any manner pay to the stockholders, or any of them, any part of the capital stock of the corporation ; or to reduce such capital stock without the consent of the legislature ; or 3.
Page 253 - The shareholders or stockholders of every banking or insurance corporation or association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such corporation or association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares or stock.
Page 479 - ... 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...
Page clxxxix - 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 555 - The court may fill any vacancy in the board of appraisers occurring by refusal or neglect to serve or otherwise. The appraisers shall meet at the time and place designated, and they or any two of them, after being duly sworn honestly and faithfully to discharge their duties, shall estimate and certify the value of such stock at the time of such dissent...
Page 76 - ... weeks previous to the day fixed upon' for holding 'such meeting, specifying the object of the meeting, the time and place when and where such meeting shall be held, and the amount to which it shall be proposed to increase or diminish the capital...