Cases on Private Corporations |
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Page 118
... subscription to their stock . The defendant pleaded that the company was not legally incorpo- rated ; contending that the act of the Legislature referred to , was unconstitutional and void . Upon argument , the court held that the act ...
... subscription to their stock . The defendant pleaded that the company was not legally incorpo- rated ; contending that the act of the Legislature referred to , was unconstitutional and void . Upon argument , the court held that the act ...
Page 131
... subscription of $ 10,000 to the capital stock of the W. L. Wells Company and the payment thereof , was a condition ... subscriptions , then these men undertook to exercise powers in the charter without fulfilling or attempting to fulfill ...
... subscription of $ 10,000 to the capital stock of the W. L. Wells Company and the payment thereof , was a condition ... subscriptions , then these men undertook to exercise powers in the charter without fulfilling or attempting to fulfill ...
Page 132
... subscriptions be- fore the company should be considered in esse as a corporation . It did nothing more than confer ... subscription of $ 10,000 of stock and its pay- ment before commencing business to have been a condition precedent to ...
... subscriptions be- fore the company should be considered in esse as a corporation . It did nothing more than confer ... subscription of $ 10,000 of stock and its pay- ment before commencing business to have been a condition precedent to ...
Page 133
... subscription of a certain amount of stock and its payment , the plaintiff became , in law a corporation when the Governor approved its charter and the fact of such approval was certified by the secretary of state under the great seal of ...
... subscription of a certain amount of stock and its payment , the plaintiff became , in law a corporation when the Governor approved its charter and the fact of such approval was certified by the secretary of state under the great seal of ...
Page 135
... subscription to the capital stock of the company was issued on December 10 , 1902. On December 12 , 1902 , the three subscribers above named executed a written instrument by which they waived the notice provided for by section 3 , supra ...
... subscription to the capital stock of the company was issued on December 10 , 1902. On December 12 , 1902 , the three subscribers above named executed a written instrument by which they waived the notice provided for by section 3 , supra ...
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Common terms and phrases
action affirmed agent agreement alleged amount appellant appellee applied articles of association assets association authority bill board of directors bonds by-laws capital stock certificate charter claim complainant contract corporation court of equity creditors debt decision declared defendant demurrer dividend duty enforce entitled equity estopped estoppel executed exercise existence fact franchise fraud held hold holders incorporation individual interest issued joint stock companies judgment Justice Law Rev lease liability memorandum of association ment mortgage N. J. Eq National Bank officers opinion organized owner paid pany par value parties payment persons Perun plaintiff plaintiff in error poration preferred stock profits provisions purchase purpose question railroad company received recover referred rule secure sell shareholders statute stockholders subscribed subscription suit thereof tion transaction transfer trust ultra vires valid void vote
Popular passages
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 600 - No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void.
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.
Page 174 - ... a copy thereof, duly certified by the secretary of state, under the great seal of the State of Ohio, shall be evidence of the existence of such company.