Springer v. Chicago Real Estate L. & T. Co.

If a corporation has power to hold real estate for any purpose, a deed to it passes the title of the grantor; and whether it exceeded its powers in accepting the conveyance is a question which can be raised only by the state. Cooney v. Booth Packing Co., 169 Ill. 370.

For the purposes of this litigation it must, therefore, be assumed that appellee has^the legal title to the premises under consideration.

An assignee of a lease, in the absence of any restraint in the instruments under which he became a lessee, can reassign to whomever he choose, be he ever so irresponsible, and thus relieve…