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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 1, Page 559   View pdf image (33K)
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INDEX. 559

CORPORATIONS— Continued.

Court, the propriety of the condemnation and use of the property cannot
be drawn in question, in an incidental or collateral proceeding. J6.

3. A bill filed by a corporation, need not be under its seal. That it is the bill
of the corporation, is sufficiently vouched by the signature of the solicitor,
whose authority to fill it need not be exhibited. Georges Creek Coal and
Iron Co. vs. Detmold, 372.

4. A corporation may avail itself of its want of authority to make the con-
tract sought to be enforced against it, though it has received and enjoyed
the consideration upon which it was made. filbert and zoife vs. Sailing's
Banketal.,Wl.

5. But where a contract of a corporation has been executed by the parties to
it, it is not competent for a mere stranger to the contract to assail it, and
deprive the corporation of the advantage derived from it, upon the ground
that it was interdicted by the charter. Ib.

6. Corporations can make no contracts which are not necessary, either
directly or indirectly, to effect the objects of their creation; and a cor-
poration itself may, in an action brought against it upon such contract,
deny its power to enter into it. ^tbbott vs. The Baltimore and Kappahan-
nock Steam Packet Co., 542.

7. The act of 1829, ch. 42, incorporated the defendant for the purpose of
establishing and conducting a line of steamboats and stages or carriages
between Baltimore and the several ports and places on the Rappahan-
nock, and on the rivers and waters of the Chesapeake bay, for the convey-
ance of passengers and transportation of merchandise and other articles
The company entered into an obligation to aid in an improvement, the
purpose of which was to open the Rappahannock river, and render it
navigable to the basin in or near Fredericksburg. HELD—
That the proposed improvement being above the "Virginia terminus of
the route between which and Baltimore the boats were to run, for
that reason was not within the authority conferred upon the com-
pany by its charter. And even if it had been, between the termini,
it would not have been within the powers granted by the act of in-
corporation. Ib.

8. It is well settled in this country, that the acts of a corporation, evidenced
by a note written or unwritten, are as completely binding upon it, and as
full authority to its agents as the most solemn acts done under the cor-
porate seal, and that promises and engagements may as well be implied
from its acts and the acts of its agents, as if it were an individual.
Elysville Manuf. Co. vs. Okisko Company, 392.

See AGENT, 2, 3.
ATTORNEY.

LIABILITY Of CORPORATIONS ON TRANSFERS OF THEIR STOCKS.
FORFEITURE OF CHARTER. '

COUNTY COURTS.

See CONCURRENT JCRISDICTION, 3.
CREDITORS.

See MARRIAGE SETTLEMENT, 4.



 
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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 1, Page 559   View pdf image (33K)
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