...school funds for a town has been held to be a private corporation.545 Although created by the state, a bank whose stock is owned by private persons is a private corporation, and its charter protected by the obligation clause;546 but it has been held that a bank operated exclusively...

...a public corporation. So an hospital created and endowed by the government for general charity. But a bank whose stock is owned by private persons, is...objects and operations partake of a public nature. The game doctrine may be affirmed of Insurance, Canal, Bridge and Turnpike Companies. In all these cases,...

...strictest sense, a public corporation. But a bank, insurance, canal, bridge, or turnpike company, etc., whose stock is owned by private persons, is a private...objects and operations partake of a public nature." Logwood v. Planter's, etc., Bank, Minor 23, 24. Sufficiency of Organization. — Under the provisions...

...a public corporation; so a hospital created and endowed by the government for general charity. But a bank, whose stock is owned by private persons, Is...doctrine may be affirmed of Insurance, canal, bridge, and turnCN. Y. pike companies. In all these cases the uses may, In a certain sense, be called public but...

...an example, he defined a private corporation as one "whose stock is owned by private persons . . . although it is erected by the government, and its objects and operations partake of a public nature" (ibid., p. 669). Story argued that the distinction between public and private corporations was well...

...own uses, and its stock would have to be "exclusively owned by the government." On the other hand, "a bank whose stock is owned by private persons, is...objects and operations partake of a public nature." In other words, the 2BUS was analogous to various "insurance, canal, bridge and turnpike companies."...