...very terms of the statute from which the association assumed to derive Its power to execute the lease. The doctrine of ultra vires, by which a contract made...the scope of Its corporate powers Is unlawful and э void, and will not support an action, rests, g as this court'has often recognized and af-» firmed,...

...very terms of the statute from which the association assumed to derive its power to execute the lease. The doctrine of ultra vires, by which a contract made...and will not support an action, rests, as this court Opinion of the Court. has often recognized and affirmed, upon three distinct grounds : the obligation...

...be maintained upon them in the courts, and this upon three distinct grounds: the obligation of every one contracting with a corporation to take notice...of its powers; the interest of the stockholders not to.be subjected to risks which they have never undertaken ; and above all the interest of the public...

...unlawful and void rests upon three distinct grounds ; the obligation of any one contracting with the corporation to take notice of the legal limits of its powers, the interest of the share holders not to be subject to risks which they have never undertaken, and, above all, the interest...

...stockholders in subscribing for the stock. 3d. The obligation of every one, entering into a contract with a corporation, to take notice of the legal limits of its powers. These three reasons are clearly brought out in the unaniOpinion of the Court. mous judgment of this...

...stockholders in subscribing for the stock. 3d. The obligation of every one, entering into я contract with a corporation, to take notice of the legal limits of its powers. These three reasons are clearly brought out in the unanimous judgment of this court, delivered by Mr....

...stockholders in subscribing for the stock. 3d. The obligation of every one, entering into a contract with a corporation, to take notice of the legal limits of its powers. These three reasons are clearly brought out in the unanimous judgment of this court, delivered by Mr....

...stockholders in subscribing for the stock ; third, the obligation of everyone entering into a contract with a corporation, to take notice of the legal limits of its powers.* borne in mind in considering a question of two quite recent cases— the discordance of opinion between...

...maintained upon them in the courts, a "d this upon three distinct grounds: The obligation of every one contracting with a corporation to take notice of the legal limits of its powers; the interests of the stockholders not to be subjected to risks which they To which may be added the following...

...upon them in the courts. This statement is based upon these reasons; (1) The obligation of everyone contracting with a corporation to take notice of the legal limits of its powers; (2) the interest of the stockholders not to be subjected to risks that they have never undertaken;...