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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 3, Page 414   View pdf image (33K)
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414 McKIM v. ODOM.—3 BLAND.

poverty have an undoubted claim upon the protecting care of the
Republic. Montesq. Sp. Laws, b. 23, c. 29. Bodies politic of this

class having these objects in view, are city * corporations;
418 1708, ch. 7; 1796, ch. 68; Levy Courts; 1804, ch. 73; county
schools of the Provincial or State government; 1696, ch. 17; 1723,
ch. 19; public colleges, April, 1782, ch. 8; hospitals, 1797, ch. 102;
1816, ch. 15C; trustees of the poor of the several counties, &c.,
1768, ch. 29; 1785, ch. 15.

The second class of corporations are such as have no concern
whatever with the duties of the Republic; nor are in any manner
bound to perform any acts for its benefit; but whose only object
is the personal emolument of its members. The corporators in
such institutions may also, in some sense, be considered as trus-
tees; but then, even in that character, they are the mere factors of
individuals; and, therefore, their resignation or removal cannot
divest or alter any of the rights of the individuals they represented.
Each member of such an aggregation either was a proprietor at
the commencement, or became so during the existence of its in-
corporation; and consequently, unless he has aliened his right,
must continue to be so after its dissolution. A corporation not
being, like a natural person, one of the elements of society, of
which government is formed, can only be considered as a crea-
ture of the law. It is the law alone which gives to it a person-
ality distinct from that of each of its members, and confers on
it the right to act by its president, directors, or agents, in a
manner analogous to that in which the government itself acts
by its regularly constituted functionaries. This individuality of
character, and the right so to act is, then, nothing more than a
portion of the power of the government with which it has been
invested. It is this power which is given by the creation of a
body politic, and which, by its extinguishment is resumed, and
nothing more; the rights of property vested in its several mem-
bers, in all other respects, remain unaffected by its dissolution.

It is remarkable, that there is no instance of the creation of any
body politic of this description under the Provincial government;
but since the establishment of the Republic they have increased
and multiplied to a very large and still rapidly growing family.
The examples of this class of corporations are the insurance com-
panies; April, 1787, ch. 20; the Free Mason societies, 1821, ch. 147:
the banks, 1790, ch. 5; the manufacturing companies, 1808, ch 49:
the library companies, &c., 1797, ch. 35.

The third species of corporations partake, in many respects, of
*the nature of the two first classes; and are sure such as

419 have a concern with some of the expensive duties of the
State, the trouble and charge of which are undertaken and de-
frayed by them, in consideration of a certain emolument allowed
and secured to their members. In cases of this kind there is

 

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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 3, Page 414   View pdf image (33K)
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