What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
accord action agent agreed agreement alleged amount appellant applied association authority Bank become benefit bill brought called capital stock carry certificate charter claim common complainant condition consideration considered constitute contract corporation court created creditors debt decision defendant directors dividend duty effect entered entitled evidence executed exercise existence express fact give given granted ground held hold holders incorporation individual interest issued judgment Justice liability limited majority Mass meeting necessary object officers opinion organized owner paid parties payment persons plaintiff present principle profits provisions purchase question railroad railway reason received recover referred regard relation respect rule secure shareholders shares statute stockholders subscribed subscription suit tion transaction transfer trust ultra vires United void vote York
Page 292 - 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...
Page 58 - Columbia, or to any foreign country, any article or commodity, other than timber and the manufactured products thereof, manufactured, mined, or produced by it, or under its authority, or which it may own in whole or in part, or in whicn it may have any interest, direct, or indirect...
Page 105 - 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. 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...
Page 242 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 532 - 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 18 - When construing and enforcing the provisions of this act, the act, omission, or failure of any officer, agent, or other person acting for or employed by any...
Page 130 - Every such increase or reduction must be authorized either by the unanimous consent of the stockholders, expressed in writing and filed in the office of the secretary of state and in the office of the clerk of the county in which the...
Page 328 - The objection, that a contract is immoral or illegal as between plaintiff and defendant, sounds at all times very ill in the mouth of the defendant.