A Treatise on the Law of Consolidation of Railroad Companies: Being an Argument in the Case of Julius Wadsworth of New York, Et Al., Versus Chicago & Northwestern Railway Company, William B. Ogden, Et Al. in the United States Circuit Court for the Northern District of Illinois, Hon. David Davis of the U.S. Supreme Court, Presiding

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Beach and Barnard, 1865 - 288 páginas

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Página 273 - Of Law, there can be no less acknowledged than that her seat is the bosom of God, her voice the harmony of the world ; all things in heaven and earth do her homage, the very least as feeling her care, and the greatest as not exempted from her power.
Página 203 - RAILROAD COMPANY," and by that name shall have succession for the term of years above specified, may sue and be sued, complain and defend, in any Court of Law or Equity, may make and use a common seal, and alter the same at pleasure, may make by-laws, rules and regulations for the management of property, the regulation of its
Página 242 - A private corporation whose charter has been granted by one State, cannot hold meetings, pass votes, and exercise powers in another State. It can have no legal existence out of the boundaries of the sovereignty by which it is created, must dwell in the place of its creation, and cannot migrate to another sovereignty. The
Página 203 - and defend, in any Court of Law or Equity, may make and use a common seal, and alter the same at pleasure, may make by-laws, rules and regulations for the management of property, the regulation of its aflairs, and for the transfer of its stock,
Página 34 - a corporation being the creature of the law, possesses only those powers which the charter of its creation confers upon it, either expressly or as incidental to its very existence. And
Página 65 - faithful performance of engagements. "To correct this mischief by restraining the power which produced it, the State legislatures were forbidden to pass any law impairing the obligation of contracts; that is, of contracts respecting property under which some individual could claim a right to something beneficial to himself.
Página 40 - & Keen, 162, Lord ELDON says: "When I look upon these acts of Parliament, I regard them all in the light of contracts made by the legislature on behalf of every person interested in anything to be done under them ; and
Página 190 - the opinion of the court, says— " A corporate body can only act by agents, and it is, of course the duty of those agents so to act as best to promote the interests of the corporation, whose affairs they are conducting. Such an agent has duties to discharge, of a fiduciary character, toward his principal^ and it is a rule
Página 22 - the act to which it owes its existence, all the qualities and disabilities annexed by the common law to ancient institutions of this sort it may correctly be said to be precisely what the incorporating act has made it, to derive all its powers from that act and to be capable of exerting its faculties only in the manner which that act authorizes.
Página 10 - said party of the second part in consideration of the " premises and of the sum of one dollar to it paid by the party of " the first part, the receipt whereof is hereby acknowledged,

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