Chicago & Milwaukee Telegraph Co. v. Type Telegraph Co.
Appellate Court of Illinois
Bill for accounting. Appeal from the Circuit Court of Cook county; the Hon. Thomas G. Windes, Judge, presiding. Heard in the Branch Appellate Court at the October term, 1906.
1Opinion of the CourtJustice Smith
It is contended on behalf of appellant that the guaranty of the lease from the Type Telegraph Company to Crawford, Stewart and Martin was void, because the Type Company was a foreign corporation, not authorized to do business in Illinois; second, the guaranty being by a corporation of the individual debt of another person was wholly foreign to the purposes of appellant’s charter and was ultra vires; third, the execution of the guaranty was wholly unauthorized; and fourth, the contract guaranteed was designed to prevent competition in the furnishing of market quotations.
The Type Telegraph…
2Cases cited9 opinions
- Wisconsin Telephone Co. v. City of OshkoshWisconsin Supreme Court · 1884
- National Tel. News Co. v. Western Union Tel. Co.Court of Appeals for the Seventh Circuit · 1902
- Best Brewing Co. v. KlassenIllinois Supreme Court · 1900
- Pneumatic Gas Co. v. BerrySupreme Court of the United States · 1885
- Winterfield v. Cream City of Brewing CompanyWisconsin Supreme Court · 1897
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3Cited by3 opinions
- Johnston v. MessingerAppellate Court of Illinois · 1922
- Journal Co. of Troy v. F. A. L. Motor Co.Appellate Court of Illinois · 1913
- People ex rel. Cruthis v. RevelliAppellate Court of Illinois · 1913