An Argument, in Favor of the Constitutionality of the General Banking Law of this State, Delivered Before the Supreme Court, at the July Term, 1839

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I. Merrell printer, 1839 - 101 páginas

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Página 18 - 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.
Página 37 - ... transferable on the books of the association in such manner as may be prescribed in the by-laws or articles of association ; and every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association...
Página 14 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Página 18 - 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.
Página 6 - The assent of two-thirds of the members elected to each branch of the legislature, shall be requisite to every bill appropriating the public moneys or property, for local or private purposes, or creating, continuing, altering, or renewing any body politic or corporate.
Página 90 - It is claimed by some recent writers that it was not the intention of the framers of the Constitution to confer...
Página 37 - ... every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association by which the rights, remedies, or security of the existing creditors of the association shall be impaired.
Página 53 - To make by-laws, not inconsistent with any existing law, for the management of its property, the regulation of its affairs, and for the transfer of its stock; 7.
Página 32 - To hold, purchase, and convey such real and personal estate as the purposes of the Corporation shall require, not exceeding the amount limited in the Charter.
Página 71 - An act to provide for the incorporation of religious societies,

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