Arkansas Valley Town & Land Co. v. Lincoln
Supreme Court of Kansas
Error from Chase District Court. The plaintiff in error (defendant below) was chartered as a corporation June 29,1885, its purposes being the purchase and sale of real estate for the benefit of its members, the purchase, location and laying out of town sites, and the sale and conveyance of the same in lots and subdivisions or otherwise, and the erection of buildings and other improvements thereon, and such acts as might be deemed necessary and desirable to the proper and…
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Error from Chase District Court. The plaintiff in error (defendant below) was chartered as a corporation June 29,1885, its purposes being the purchase and sale of real estate for the benefit of its members, the purchase, location and laying out of town sites, and the sale and conveyance of the same in lots and subdivisions or otherwise, and the erection of buildings and other improvements thereon, and such acts as might be deemed necessary and desirable to the proper and advantageous management of its business, the places thereof being at Topeka, Kan., Boston, Mass., and such other places in…
1Opinion of the Court
The opinion of the court was delivered by
Martin, C. J.: I. The first question concerns the validity of the contract of guaranty that the railroad would be completed to Richards, and this includes the power of the town company to enter into such a contract, and the authority of the general agent to bind the corporation. If the corporation had no right to build a railroad, yet, as a means of promoting its own interest, it might contract with a railroad company for the extension of its road to or through the town *149site, and aid it by the donation of town lots or money. ( Whetstone v. Ottawa…
2Cases cited7 opinions
- Chapman v. KirbyIllinois Supreme Court · 1868
- Hoge v. NortonSupreme Court of Kansas · 1879
- Durham v. Carbon Coal & Mining Co.Supreme Court of Kansas · 1879
- Sherman Center Town Co. v. MorrisSupreme Court of Kansas · 1890
- Sherman Center Town Co. v. SwigartSupreme Court of Kansas · 1890
2 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- London & Lancashire Indemnity Co. of America v. Fairbanks Steam Shovel Co.Ohio Supreme Court · 1925
- Overstreet v. MerrittCalifornia Supreme Court · 1921
- Ft. Smith W. R. Co. v. WilliamsSupreme Court of Oklahoma · 1912
- Kelly v. Central Union Fire InsuranceSupreme Court of Kansas · 1917
- Power County v. Evans Bros. Land & Live Stock Co.Idaho Supreme Court · 1926
10 more not listed; retrieve them via the Exa API.