Franco-Texan Land Co. v. Laigle
Texas Supreme Court
Appeal from Parker. Tried below, before the Hon. A. J. Hood. The decision was upon an agreed case, as follows: “ The appellant -was duly incorporated, under the general law of this state, on the 26th day of July, 1876; the articles of associa-; tion naming the directors for the first year, who served the company as such for that period of time.
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Appeal from Parker. Tried below, before the Hon. A. J. Hood. The decision was upon an agreed case, as follows: “ The appellant -was duly incorporated, under the general law of this state, on the 26th day of July, 1876; the articles of associa-; tion naming the directors for the first year, who served the company as such for that period of time. “ The purposes for which the incorporation was formed are, in the language of the charter, as follows: “ ‘ 1st. The acquisition, by purchase or otherwise, and the subdivision of lands, the management and leasing thereof, and the sale and conveyance of…
1Opinion of the Court
Willie, Chief Justice. —
A private corporation, whose charter has been granted by one state, cannot hold meetings or pass votes, or have any legal existence in another state. It must dwell in the place of its creation, and cannot migrate to another sovereignty. Bank of Augusta v. Earle, 13 Pet., 519; Miller v. Ewer, 27 Maine, 509; Aspinwall v. O. & M. R. R. Co., 20 Ind., 497.
This prohibition as to the performance of acts,outside of the state where chartered, refers to acts of a strictly corporate character, such as must be discharged by the corporators themselves, such as the original…
2Cases cited5 opinions
- Bank of Augusta v. EarleSupreme Court of the United States · 1839
- Galveston Railroad v. CowdreySupreme Court of the United States · 1871
- Heaston v. Cincinnati & Fort Wayne RailroadIndiana Supreme Court · 1861
- Aspinwall v. Ohio & Mississippi R. R.Indiana Supreme Court · 1863
- Bellows v. ToddSupreme Court of Iowa · 1874
3Cited by21 opinions
- Staacke v. RoutledgeTexas Supreme Court · 1922
- Popperman v. Rest Haven Cemetery, Inc.Texas Supreme Court · 1961
- Allen v. LongTexas Supreme Court · 1891
- Cox v. Houston & Texas Central Railway Co.Texas Supreme Court · 1887
- Brumby v. BoydCourt of Appeals of Texas · 1902
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