powers as are reasonably necessary to accomplish the purpose of its creation. It may exercise such powers as are usually incidental in practice to the prosecution of the business, but no more. (Northside Ry. Co. v. Worthington, 778.) 7. CORPORATIONS-IMPLIED POWERS.-A company may foster its legitimate business, whatever it is, by all the usual means, but it can go no further. If the means are such as are usually resorted to, and a direct method of accomplishing the purpose of the incorporation, they are within its powers; but if they are unusual, and tend in an indirect manner only to promote its interests, they are ultra vires. (Northside Ry. Co. v. Worthington, 778.) 8. CORPORATIONS-ULTRA VIRES CONTRACT-LIABILITY A company organized to purchase and subdivide lands and to sell them in lots is not liable upon its joint obligation with a street-car company for the cost of street-cars furnished the railway company as the charter purposes of the two companies are different, and neither can aid the interests of the other. (Northside Ry. Co. v. Worthington, 778.) 9. CORPORATIONS-BECOMING SURETY FOR EACH OTHER.-If two business corporations have different charter purposes, and have, therefore, no lawful right to aid or assist each other in business, one cannot, in the absence of statutory authority, become surety for the other. Hence, one of the corporations is not liable upon its indorsement of a promissory note given by the other corporation for machinery furnished to the latter for its own use. (Northside Ry. Co. v. Worthington, 778.) 10. CORPORATIONS-AIDING, AND BECOMING SURETY FOR, EACH OTHER-LIABILITY ON BONDS-ULTRA VIRES.If two business corporations, such as a street railway company, and a company organized to purchase and subdivide lands and to sell them in lots, borrow a sum of money, to be divided between them, and bind themselves jointly and severally for the payment thereof by the issuance of bonds which are sold below par, the bonds are not necessarily ultra vires and void as a whole because of the fact that neither corporation can lawfully divert its capital or extend its credit in aid of the other, where there is no fraud in the transaction and a fair equivalent is given for the obligations; but each company is liable for such proportion of the bonded indebtedness as the amount actually received by it bears to the amount paid for the bonds; and is not liable for more than its proportionate amount of the debt incurred. (Northside Ry. Co. v. Worthington, 778.) 11. CORPORATIONS-AIDING EACH OTHER-IMPLIED POWERS. The law does not recognize a street railway company as a usual means of carrying out the purpose of a corporation organized to purchase and subdivide lands and to sell them in lots; neither can the latter corporation, without statutory authority, embark its capltal in a street railway enterprise. Neither corporation has lawful power to aid the other, though it might be mutually beneficial, as the furtherance of the interests of one is not necessary to the business of the other; but each should confine itself to its proper business, and not divert its capital or extend its credit to the assistance of the other. (Northside Ry. Co. v. Worthington, 778.) 12. CORPORATIONS.-THE CORPORATE SEAL is not essential to the validity of an instrument authorizing the confession of judg ment against a corporation. The corporation may act without a seal very much as individuals may, except when otherwise provided by statute or their articles of incorporation. (Ford v. Hill, 902.) 13. THE INSOLVENCY OF A CORPORATION DOES NOT CONVERT ITS PROPERTY INTO A TRUST FUND for the benefit of its creditors, so as to prevent it from confessing a judgment, and AM ST. REP., VOL. LIII.- 62 thereby giving a preference to one of such creditors. (Ford v. Hill, 902.) 14. CORPORATIONS-POWER OF OFFICERS.-The president of a corporation, being its chief officer, is presumably authorized to carry out its lawful contracts. (Board of Trade v. Nelson, 312.) 15. CORPORATIONS, IMPLIED AUTHORITY OF MANAGING OFFICERS.-If a corporation allows its managing officer to so conduct himself in his dealings and transactions on its part as to lead the public or those dealing with him to reasonably believe he possessed certain powers, the corporation will not be allowed to question such apparent authority against one relying in good faith on the same. (Ford v. Hill, 902.) 16. CORPORATIONS-NEGOTIABLE INSTRUMENTS-WORD "PRESIDENT" AS DESCRIPTIO PERSONAE.-If a note of a corporation is made payable to the order of "Adolph Pike, President," and is so indorsed, the word "president," in each instance, is mere descriptio personae. The note is, therefore, not payable to the order of the corporation, but to the president individually, and the indorsement is his individual indorsement. (Hately v. Pike, 304.) 17. CORPORATIONS-PRESUMPTION OF AUTHORITY TO TRANSFER NOTE OF.-The possession by a third person of a negotiable note payable to a corporation, and bearing what purports to be its indorsement by its general manager, raises a presumption that he was authorized to so indorse it, and that the holder is the owner thereof. (Citizen's Nat. Bank v. Wintler, 890.) 18. CORPORATION.-THE AUTHORITY OF THE PRESIDENT of a corporation to do the act in question need not appear by the record or by any formal vote or resolution, but may be implied from acquiescence and from the nature and course of business transacted by the corporation, as where the doing of the act was known to the directors, and no objection was made to it at any time, and the president had been in the habit of exercising extraordinary powers. (Ford v. Hill, 902.) 19. CORPORATION.-THE AUTHORITY OF THE PRESIDENT OF A CORPORATION TO, EXECUTE A WARRANT OF ATTOR NEY to confess a judgment against it may be inferred from the fact that such execution was known to the directors, who did not object thereto, and from the fact that the president was in the habit of practically exercising the whole power of the corporation, with the knowledge and concurrence of the directors and persons directly Interested, whose duties required them to object if he was exceeding his authority. (Ford v. Hill, 902.) 20. CORPORATIONS.-DOMICILE OF A CORPORATION belongs exclusively to the state or sovereignty under whose laws it is created. It exists only in contemplation of law, and by force of the law, and where that law ceases to operate and is no longer obligatory, the corporation can have no legal existence. (Duke v. Taylor, 232.) 21. CORPORATIONS-DOMICILE-POWER TO CONTRACT.Although the domicile of a corporation is exclusively in the state creating it, this fact creates no insuperable objection to its power of contracting in another state. (Duke v. Taylor, 232.) 22. CORPORATIONS-POWER TO DO BUSINESS IN SISTER STATES.-A corporation legally created and organized under the laws of one state for the transaction of business there, may, by comity between the states, transact business in another state not in contravention of the laws or public policy of the latter. (Duke v. Taylor, 232.) 23. CORPORATIONS-MEETINGS.-A corporation created under the laws of one state, cannot hold corporate meetings in another for 24. CORPORATIONS-PROOF OF CREATION.-Courts cannot 25. CORPORATIONS-ILLEGAL CREATION-LIABILITY OF 26. CORPORATIONS-ESTOPPEL TO DENY EXISTENCE OF. (Duke v. 27. CORPORATIONS-PRESUMPTION AS TO EXISTENCE.- 28. CORPORATIONS DE FACTO exist when there is a law au- CORPUS DELICTI. See Criminal Law, 3; Evidence, 6; Homicide, 2. COSTS. COSTS, LIMITING AMOUNT OF.-If a court of equity deter- See Statutes, 21-23. COTENANCY. 1. COTENANTS, RIGHT OF TO SHARE IN PURCHASE OF 2. ADVERSE POSSESSION BY ONE COTENANT is not suffi 3. COTENANCY-ADVERSE POSSESSION.-As between co- COUNTIES. See Attachment, 11-13; Statutes, 16. COURTS. COVENANTS. CONVEYANCES-COVENANTS FOR QUIET ENJOYMENT.- In actions on covenants for quiet enjoyment the breach must be set See Landlord and Tenant, 1-6, 9. CREDITORS' SUITS. CREDITOR'S SUIT-ONE SUIT AS A BAR TO ANOTHER.— CRIME AGAINST NATURE. CRIME AGAINST NATURE-ATTEMPT-INDICTMENT.—An CRIMINAL LAW. 1. CRIMINAL LAW-ABSENCE OF ACCUSED-MISTRIAL.- 2. CRIMINAL LAW-ABSENCE OF ACCUSED-PRACTICE.- 3. CORPUS DELICTI-PROOF OF.-The corpus delicti cannot connection with evidence of his flight and other facts connecting him CROPS. See Landlord and Tenant, 8; Mortgages, 1-3. CUSTOM. EVIDENCE-CUSTOM-NEGLIGENCE.-Evidence of a cus- tom on the part of a truckman to pass through a store to get his re- See Carriers, 7, 8; Witnesses, 2. DAMAGES. 1. DAMAGES FOR BREACH OF CONTRACT.-The rule that 2. DAMAGES FOR BREACH OF CONTRACT.-The rule that one 3. DAMAGES.-PROFITS which the purchaser of a chattel ex- 4. DAMAGES.-LOSS OF PROFITS cannot be made the meas- 5. DAMAGES-LOSS OF PROFITS AS.-It is only when the loss 6. DAMAGES-LOSS OF PROFITS-BREACH OF WARRAN- |