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The Taxing Power And
The National Government And State Corporations,the Taxing Power And Means Of Controlling The Trusts. Under The Taxing Power Of The Federal Government, It Has Been Held That State Banks With Power To Issue Bills And Notes Can Be Taxed By The Na Tional Government So Heavily As To Make It ...

Their Gen Eral Purpose
Corporate Funds, Their Gen Eral Purpose And Designation. In Every Case Of Incorporation For Business Purposes There Is A Dedication Of Certain Funds By The Implied And Express Consent Of The State And Corporators To The Attainment Of Certain Purposes In A Certain Way. Because The State Believes The Purpose ...

Theories As To The
Theories As To The Entity Or Personality. It Has Been Said In The Definition Of A Corporation That It Is An Arti Ficial Being, Existing Only In Contemplation Of Law, And That The Idea Of The Corporate Entity Is Not Real, But Fictitious, Being A Mere Figure Of Speech, Which ...

Three Types Of Political
Three Types Of Political Communities Possessing Corporate Powers In America. In This Country There Are At Least Three Distinct Types Of Administrative Corpora Tions Or Political Communities Possessing Corporate Powers. These Three Types Are: 1. The New Eng Land Town. 2. Southern Colonial Counties. 3. A Combination Of The Town ...

Transfer Of Shares And
Transfer Of Shares And The Right To Transfer. The General Method Of Transfer Has Been Described In A Previous Section. The Right To Transfer Is An Incident Of The Ownership Of The Property In The Shares,—and The Corporation, Unless The State Expressly Allows, Can Not Prevent Such Transfer, Although It ...

Types Of Municipal Char
Types Of Municipal Char Ters. There Are Several Kinds Or Types Of Munici Pal Charters, Classified As Follows Charters By Spe Cial Enactment. 2. Charters Under A General Law. 3. Charters Under Judicial Sanction. 1. Charters By Special Act. By This Is Meant That The State Passes A Special Act ...

Voting By Proxy
Voting By Proxy. At Common Law, The Member, Unless The Charter Expressly Authorized, Had No Right To Vote By Proxy, But Must Vote In Person. But Now Statutes Uni Versally Allow Voting By Proxy ; By Which Is Meant, That The Shareholder May Appoint Someone To Be His Proxy Or ...

Voting Trusts
Voting Trusts. Voting Trusts Are Agreements Among Shareholders To Vote All The Shares They Own In The Way The Majority Of The Parties To The Agreement Di Rect, Or In The Way Some Trustee Or Outside Party Shall Direct ; When Such An Agreement Is Entered Into For The Purpose, ...

What Con Stitutes The
What Con Stitutes The Charter. When The Charter Was Obtained From The King„ Or By Special Act Of The Legislature, The Instrument Or Act Comprised The Char Ter, And Set Forth In Detail The Name, Powers, Method Of Acquiring Membership, Management, And Other In Cidental !natters Showing The Purpose And ...

What Is Inter State
What Is Inter. State Or Foreign Commerce? There Is Some Difficulty In Determining Just What Constitutes In Ter-state Or Foreign Commerce. But In General It In Cludes Buying And Selling, And Transporting Across State Or National Lines, Any Commodity; Or The Travel Ing Of Any Person; Or The Transmission Of ...

What Parties Will Be
What Parties Will Be Estopped? Where The Existence Of A Corporation By Estoppel Is Recognized, The Parties Who Will Be Estopped To Deny Its Existence Are: 1. The Pretended Corporation Itself. 2. Those Who Act As, Or Claim To Be, Members, Either Among Themselves, Or In Regard To Their Liability ...

What The Subject Includes
What The Subject Includes. By Public Corporations Is Usually Meant Cities And Villages, Though The Subject Also Includes Townships And Counties. Public Corporations, Strictly Speaking, Are Organized To Perform Functions Of Local Self-gov Ernment ; They Are State Agents, As It Were, And Repre Sent The State To The Extent ...

What Will Constitute A
What Will Constitute A Quorum. At Common Law If All Of An Indefinite Number Of Shareholders Were Duly Notified To Meet To Take Corporate Action, Those Who Assembled Pursuant To The Notice Constituted A Quo Rum ; But By Charter, By-law Or Statutory Provision It Is Now Usually Required That ...

When Liabil Ity Penal
When Liabil Ity Penal In Form Will Be Considered Contractual In Nature. A Penalty Is A Punishment Or Fine Provided For Doing Something That Is Forbidden, And Is To Be Recovered By The State ; It Can Be Changed Or Modified At Any Time, And It Is Not En Forceable ...

Who Is En Titled
Who Is En Titled To Dividends. The Owner Of The Shares At The Time The Dividends Are Declared Is Entitled To Them, And It Makes No Difference When They Were Earned, Or When They Are To Be Paid. If A Is The Owner Of Shares When A Dividend Is Declared, ...

Who May Complain Of
Who May Complain Of Ultra Vires Contract, Those Who Are Entitled To Complain Against The En Forcement Or Carrying Out Of An Ultra Tires Contract Entered Into By A Corporation, Are: 1. The State, If The Public Is Affected. 2. The Parties, Except As Lim Ited In The Preceding Sections. ...