Minneapolis & St. Louis Railway Co. v. Morrison
Supreme Court of Minnesota
‘The complaint in this action alleges that the plaintiff is duly organized and incorporated under and by virtue of the act of the territorial legislature of Minnesota, entitled “ An act to incorporate the Minnesota Western Railroad Company,” approved March 3, 1853, (Laws 1853, c. 10,) and several amendatory acts, viz., Laws 1855, c. 65 ; Sp. Laws 1869, c. 117 ; Sp. Laws 1870, c. 57 ; Sp.
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‘The complaint in this action alleges that the plaintiff is duly organized and incorporated under and by virtue of the act of the territorial legislature of Minnesota, entitled “ An act to incorporate the Minnesota Western Railroad Company,” approved March 3, 1853, (Laws 1853, c. 10,) and several amendatory acts, viz., Laws 1855, c. 65 ; Sp. Laws 1869, c. 117 ; Sp. Laws 1870, c. 57 ; Sp. Laws 1871, c. 71; that, being so organized and incorporated, the plaintiff, in the year 1869, proposed to build a railroad from the city of Minneapolis, in Hennepin county, in a southwesterly direction, to…
1Opinion of the Court
Berry, J.1
1. The original charter from which, and acts amendatory, the plaintiff derives its existence and powers, is found m Laws 1853, c. 10. By section 3 of that act the capital stock of the corporation created is fixed at $2,000,000. Section 5 provides that, ‘‘ so soon as said stock, or one hundred thousand dollars thereof, shall have been sub*312scribed,” certain named'persons shall give notice of a meeting of the stockholders to choose directors. Subsequent portions of the act confer upon the directors the usual general authority to manage the business of the corporation, and, among other…
2Cited by3 opinions
- Hinchliffe v. Minnesota Commercial Men's Ass'nSupreme Court of Minnesota · 1919
- Glass v. St. Paul Park Carriage & Sleigh Co.Supreme Court of Minnesota · 1890
- Goetz v. School-District No. 59Supreme Court of Minnesota · 1883