The Law of Railways Embracing Corporations Eminent Domain Contracts Common C
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3. If a majority of a railway company obtain an alteration of their char- ation of the charter of a corporation, in the language of C. J. Nelson, to be one " by which a new and different business is superadded to that originally contemplated. " S. No one can be made a member of a joint-stock corporation without his consent. Ellis v. Marshall, 2 Mass. 269. Nor can he be compelled to remain a member of such company after its fundamental organization is altered by act of the legislature. But an ac...t of the legislature allowing a navigation company to raise their dam above the point of the original charter limit, is in furtherance of the original grain, and will not exonerate the subscribers. Gray v. Monongahela Navigation Co. , 2 Watts & Serg. 156. And an alteration in the number of votes, to be cast by stockholders, if it impair the obligation of the contract resulting from the grant, is void, and so cannot release the subscribers. Osborn v. Bank of United States, 9 Wheat. 788. But any statute which has the force to effect an alt.
What to read after The Law of Railways Embracing Corporations Eminent Domain Contracts Common C?
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To quickly assess the difficulty of the text, read a short excerpt:
3. If a majority of a railway company obtain an alteration of their char- ation of the charter of a corporation, in the language of C. J. Nelson, to be one " by which a new and different business is superadded to that originally contemplated. " S. No one can be made a member of a joint-stock corporation without his consent. Ellis v. Marshall, 2 Mass. 269. Nor can he be compelled to remain a member of such company after its fundamental organization is altered by act of the legislature. But an ac...t of the legislature allowing a navigation company to raise their dam above the point of the original charter limit, is in furtherance of the original grain, and will not exonerate the subscribers. Gray v. Monongahela Navigation Co. , 2 Watts & Serg. 156. And an alteration in the number of votes, to be cast by stockholders, if it impair the obligation of the contract resulting from the grant, is void, and so cannot release the subscribers. Osborn v. Bank of United States, 9 Wheat. 788. But any statute which has the force to effect an alt.
What to read after The Law of Railways Embracing Corporations Eminent Domain Contracts Common C?
You can find similar books in the "Read Also" column, or choose other free books by Redfield, Isaac F. (Isaac Fletcher), 1804-1876 to read onlineMoreLess
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