 | United States. Congress. House - United States - 1392 pages
...them by their charters ; the exercise of their franchises, being in derogation of indi vidual rights, cannot be extended beyond the letter and spirit of the act of incorporation. If they are permitted to leave their legitimate business of banking, and enter the field of speculation,... | |
 | Law - 1830 - 446 pages
...specifically conferred on it. The exercise of the corporate franchise, being restrictive of individual rights, cannot be extended beyond the letter and spirit of the act of incorporation. Ib. COSTS. Where the defendant sets up a set-off, and pays the balance of the plaintiff's claim into... | |
 | Ohio. Supreme Court - Law reports, digests, etc - 1840 - 594 pages
...such, are limited to the exercise of those powers which are specifically conferred on them by law. The corporate franchise, being restrictive of individual...the letter and spirit of the act of incorporation. (2 Kent's Com. p. 226; 1 Con. R. Svp. CUS p. 374.) Counties, townships, &c., are qttani corporations,... | |
 | United States - 1840 - 582 pages
...not be denied." " The exercise of the corporate franchise being restrictive of individual rig/its, cannot be extended beyond the letter and spirit of the act of incorporation." And yet Mr. Story, for whom the Reviewer expresses the highest admiration, says, in his dissenting... | |
 | United States - 1840 - 574 pages
...will not be denied." " The exercise of the corporate franchise being restrictive of individual rights, cannot be extended beyond the letter and spirit of the act of incorporation." And yet Mr. Story, for whom the Reviewer expresses the highest admiration, says, in his dissenting... | |
 | Joseph Kinnicut Angell, Samuel Ames - Business enterprises - 1846 - 872 pages
...United States, — " the exercise of the corporate franchise, being restrictive of individual rights, cannot be extended beyond the letter and spirit of the act of incorporation." 1 There may be implied powers with the incidental, and whenever it is clearly so, those powers are... | |
 | Georgia. Supreme Court - Equity - 1847 - 710 pages
...the exercise of those powers which are specifically conferred. The exercise of corporate franchises, being restrictive of individual right, cannot be extended...the letter and spirit of the act of incorporation. — 4 Peters, 168. They can take nothing by implication. When they claim a power, they must show the... | |
 | William Johnson, New York (State). Supreme Court - Law reports, digests, etc - 1849 - 866 pages
...conferred upon it. The exercise of the corporate franchise, being restrictive of individual rights, cannot be extended beyond the letter and spirit of the act of incorporation.' And he subsequently adds : ' The power to impose a tax on real estate, and to sell it where there is... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1854 - 650 pages
...argument drawn from convenience can enlarge their powers — and that the exercise of corporate franchise* cannot be extended beyond the letter and spirit of the act of incorporation. In the case of Rex v$. Croke, (Cowp. .R., 26,) it was laid down as an established rule of law, that... | |
 | Law - 1849 - 604 pages
...will not be denied. The exercise of the corporate franchise being restrictive of individual rights, cannot be extended beyond the letter and spirit of the act of incorporation." The following pn-saccs may be added from the opinion of the Supremo Court, in the Charles River Bridge... | |
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The exercise of the corporate franchise being restrictive of individual rights, cannot be extended beyond the letter and spirit of the act of incorporation. 
