Outlines of the Constitutional Jurisprudence of the United States Designed As
Outlines of the Constitutional Jurisprudence of the United States Designed As
William Alexander Duer
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Governments cannot revoke a grant, even of t'eir own funds, when made to a private person, or to a Corporation, for special purposes ; and after making such grants, they have no remaining authority to enforce the administration of the Trust, than such as is judicial. 788. All Corporate franchises are deemed legal estates; and all incorporealhcrcditmneiits, us ihcy nre termed in the Law, such as Immunities, Offices, and Franchises, are rights regarded by it as valuable ; and whenever they are ti...ie subject of a grant or Contract, are as much within the protection of the Constitution as any others. 789. The objection to a Law on the ground of its impairing the obligation of Contracts, does not depend on the extent of the change effected ; any deviation from the terms of the Contract, by postponing or ac- celerating the periodof performance, imposing condi- tions not expressed in the Contract, or dispensing with the performance of those which it contains, impairs its obligation. 790. A State Insolvent Law, which discharges a debtor from his Contract to pay a debt by a given time, and releases him without payment, from any future obligation to pay, impairs, because it entirely discharges, the obligation of the Contract, if the same were made anterior to the Law.
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