Miller v. State
Supreme Court of the United States
Error to the Supi’eme Court of New York; the case being thus: Section 1 of article 8 of the constitution of the State, just named, adopted by it A.D. 1826, ordains as follows: “ Corporations may be formed under general laws, but shall not be created by special act except in certain cases.
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Error to the Supi’eme Court of New York; the case being thus: Section 1 of article 8 of the constitution of the State, just named, adopted by it A.D. 1826, ordains as follows: “ Corporations may be formed under general laws, but shall not be created by special act except in certain cases. All general laws and special acts passed pursuant to this section may be altered from time to time or repealed,” And title 3 of chapter 18 of the first part of the Revised Statutes of 1828, enacts thus: “The charter of every corporation that shall hereafter be granted by the legislature shall be subject to…
1Opinion of the CourtJustice Clifford
Corporate franchises, granted to private corporations, if duly accepted by the corporators, partake of the nature of legal estates, aud the grant, under such circumstances, if it be absolute in its terms, and without any condition or reservation, importing a different intent, becomes a contract within the protection of that clause of the Constitution which ordains that no State shall pass any law impairing the obligation of contracts. Charters of private corporations are regarded as executed contracts between the State and the corporators, and the rule is well settled that the legislature, if…
2Cases cited2 opinions
- Fletcher v. PeckSupreme Court of the United States · 1810
- Sherman v. SmithSupreme Court of the United States · 1862
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- Looker v. MaynardSupreme Court of the United States · 1900
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