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acceptance action alteration amendment apply association authority Bank become body Bros building capital stock carry certificate charter conferred consolidation Const constitution construct contract corporation court created creditors debts directors effect establish evidence exercise existence express fact filed franchises further give given governing grant ground held hold Illustrations incorporation individual interest issued legislative legislature less liability maintain majority Mass meeting mortgage municipal nature necessary number of persons object obligation officers Ohio operate organization original parties passed poration Post principle privileges proceeding provisions purchase question railroad railway reason received respect road rule shareholders shares society Stat statute stockholders subscribed subscription suit tion town trustees United unless valid York Banks
Page 577 - The general assembly shall provide by law, that in all elections for directors or managers of incorporated companies, every stockholder shall have the right to vote, in person or by proxy, for the number of shares of stock owned by him, for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle...
Page 2 - 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.
Page 390 - The credit of the State shall not, in any manner, be given or loaned to, or in aid of, any individual, association or corporation...
Page 385 - Corporations may be formed under general laws; but shall not be created by special act, except for municipal purposes, and in cases where, in the judgment of the Legislature, the objects of the corporation cannot be attained under general laws. All general laws and special acts passed pursuant to this section, may be altered from time to time or repealed.
Page 380 - The General Assembly shall not pass local or special laws in any of the following enumerated cases, that is to say : Regulating the jurisdiction and duties of justices of the peace and of constables; For the punishment of crimes and misdemeanors...
Page 393 - No county, city, town or village shall hereafter give any money or property, or loan its money or credit to or in aid of any individual, association or corporation, or become directly or indirectly the owner of stock in, or bonds of, any association or corporation; nor shall any such county, city, town or village be allowed to incur any indebtedness except for county, city, town or village purposes.
Page 868 - To lay with one hand the power of the Government on the property of the citizen and with the other to bestow It upon favored individuals to aid private enterprises and build up private fortunes is none the less a robbery because it is done under the forms of law and is called taxation.
Page 387 - The General Assembly shall have the power to alter, revoke, or annul any charter of incorporation now existing and revocable at the adoption of this Constitution, or any that may hereafter be created, whenever, in their opinion it may be injurious to the citizens of this Commonwealth, hi such manner, however, that no injustice shall be done to the corporators.
Page 384 - No corporation shall be created by special laws, or its charter extended, changed or amended, except those for charitable, educational, penal or reformatory purposes, which are to be and remain under the patronage and control of the state, but the general assembly shall provide, by general laws, for the organization of all corporations hereafter to be created.