Case of Philadelphia Savings Institution
Supreme Court of Pennsylvania
At the last terra, an application was make by Mr. Norris for a rule to' show cause why an information in the nature of a writ of quo warranto should not be filed, to inquire by what authority Joseph Feinour and others exercised the rights of members of the Philadelphia Savings Institution.
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At the last terra, an application was make by Mr. Norris for a rule to' show cause why an information in the nature of a writ of quo warranto should not be filed, to inquire by what authority Joseph Feinour and others exercised the rights of members of the Philadelphia Savings Institution. At the same time a rule was granted upon the President and Directors of the same Institution, to show cause why a mandamus should not issue, requiring them to admit William C. Bridges to participate in the transactions of the said Institution, at its meetings of business. Upon the return of these rules, the…
1Opinion of the Court
*466The opinion of the Court was delivered by
Rogers, J.
The rules obtained in this case, involve two questions, which depend upon the construction of the act of the 5th of April, 1834, incorporating the Philadelphia Savings Institution.
1. Is a stockholder, a member of the corporation, and as such entitled to participate in its business 1 ■ 1
2. Does he cease to be a member when he ceases to be a stockholder 1
In relation to the power of admitting members of a corporation, as is said in Angel and Ames on Corporations, 62, reference must often be had to the provisions and spirit of the'charter; and…
2Cases cited1 opinion
- Gray v. President of the Portland BankMassachusetts Supreme Judicial Court · 1807
3Cited by8 opinions
- HOFFMAN v. PITTSBURGHSupreme Court of Pennsylvania · 1950
- Bruker v. Carlisle BoroughSupreme Court of Pennsylvania · 1954
- McGinty v. Athol Reservoir Co.Massachusetts Supreme Judicial Court · 1892
- Jackson v. CloptonSupreme Court of Alabama · 1880
- Washington Female Seminary v. Washington BoroughSuperior Court of Pennsylvania · 1902
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