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action affirmed agent agreement alleged amount appellant appellee applied articles of association assets association authority bill board of directors bonds by-laws capital stock certificate cestuis que trust charter Circuit Court claim complainant contract court of equity creditors debt decision declared deed defendant demurrer dividend doctrine duty enforce entitled equity estopped estoppel executed exercise existence fact filed franchise fraud held hold holders incorporation individual interest issued judgment Justice lease liability Mass memorandum of association ment mortgage N. J. Eq National Bank officers organized owner paid pany parties partnership payment persons Perun plaintiff plaintiff in error poration preferred stock principle provisions purchase purpose question railroad company railway reason received referred rule secure shareholders statute stockholders subscribed subscription suit thereof tion transaction transfer trust ultra vires valid void voidable vote
Side 69 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence.
Side 719 - ... purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of indebtedness created by any other corporation or corporations of this or any other state, and while owner of such stock may exercise all the rights, powers and privileges of ownership, including the right to vote thereon.
Side 627 - No corporation shall issue stock or bonds, except for money paid, labor done, or property actually received, and all fictitious increase of stock or indebtedness shall be void.
Side 335 - The principle of public policy is this : Ex dolo malo non oritur actio. No court will lend its aid to a man who founds his cause of action upon an immoral or an illegal act.
Side 151 - A paper is said to be filed when it is delivered to the proper officer, and by him received, to be kept on file.
Side 635 - Any corporation formed under this act may purchase mines, manufactories or other property necessary for its business, or the stock of any company or companies owning, mining, manufacturing or producing materials, or other property necessary for its business, and issue stock to the amount of the value thereof in payment therefor...
Side 21 - When construing and enforcing the provisions of this act, the act, omission, or failure of any officer, agent, or other person acting for or employed by any...
Side 125 - Every such increase or reduction must be authorized either by the unanimous consent of the stockholders, expressed in writing and filed in the office of the secretary of state and in the office of the clerk of the county in which the...
Side 335 - Cowper, 341, decided in 1775, that "the objection that a contract is immoral or illegal as between the plaintiff and defendant, sounds at all times very ill in the mouth of the defendant. It is not for his sake, however, that the objection is ever allowed ; but it is founded in general principles of policy, which the defendant has the advantage of, contrary to the real justice, as between him and the plaintiff, by accident, if I may so say.