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acceptance action agent agreement amount applied assessment authority Bank Barb become binding bonds bound Bridge called capital carry certificate charter condition conferred Conn Constitution construction contract corporation County court created creditors damages defendant directors dividends duty effect election entered entitled equity executed exercise existence express fact franchise fraud give given grant ground held holders individual interest issued land legislature liable limits Mass matter meeting Michigan necessary notice object officers Ohio operate organization owner paid parties payment Penn person plaintiff poration preferred principle proper purchase question R. R. Co railroad company railway reasonable received road rule secure shares statute stockholders subscriber subscription sufficient taken tion town transfer trustees unless valid void vote York
Página 580 - Whatever subjects of this power are in their nature national, or admit only of one uniform system, or plan of regulation, may justly be said to be of such a nature as to require exclusive legislation by Congress.
Página 583 - A telegraph company occupies the same relation to commerce as a carrier of messages, that a railroad company does as a carrier of goods.
Página 585 - Congress the regulation of commerce, it was never intended to cut the States off from legislating on all subjects relating to the health, life, and safety of their citizens, though the legislation might indirectly affect the commerce of the country. Legislation, in a great variety of ways, may affect commerce and persons engaged in it without constituting a regulation of it within the meaning of the Constitution.
Página 346 - Now, natural persons through the intervention of agents, are continually making contracts in countries in which they do not reside ; and where they are not personally present when the contract is made ; and nobody has ever doubted the validity of these agreements. And what greater objection can there be to the capacity of an artificial person, by its agents, to make a contract within the scope of its limited powers, in a sovereignty in which it does not reside ; provided such contracts are permitted...
Página 487 - That principle is that where a corporation, like a railroad company, has granted to it by charter a franchise intended in a large measure to be exercised for the public good, the due performance of those functions being the consideration of the public grant, any contract which disables the corporation from performing those functions — which undertakes, without the consent of the state, to transfer...
Página 306 - It is publicly pledged to those who deal with the corporation, for their security. Unpaid stock is as much a part of this pledge, and as much a part of the assets of the company, as the cash which has been paid in upon it.
Página 387 - ... when the question is one of a common or general interest of many persons, or when the parties are very numerous, and it may be impracticable to bring them all before the court, one or more may sue or defend for the benefit of the whole.
Página 513 - The doctrine of ultra vires, when invoked for or against a corporation, should not be allowed to prevail where it would defeat the ends of justice or work a legal wrong.