Spahr v. Farmers' Bank
Supreme Court of Pennsylvania
Error to the Court of Common Pleas of Cumberland county: Of May Term 1880, No. 71. Assumpsit by the Farmers’ Bank, Carlisle, against Peter Spahr, on certain promissory notes endorsed by defendant. The case, by an agreement filed, was submitted to the court, Herman, P. J., for trial without a jury.
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Error to the Court of Common Pleas of Cumberland county: Of May Term 1880, No. 71. Assumpsit by the Farmers’ Bank, Carlisle, against Peter Spahr, on certain promissory notes endorsed by defendant. The case, by an agreement filed, was submitted to the court, Herman, P. J., for trial without a jury. The court found the facts substantially as follows :— The plaintiff is a corporation, and was originally the “ Farmers’ Bank,” which was organized and incorporated by letters patent issued by the governor under date of 28th October 1868, as a bank of discount, deposit and circulation, under the…
1Opinion of the CourtJustice Mercur
A corporation is the mere creature of the law. It can exercise no powers which are not expressly conferred or necessarily implied in furtherance of the object of its creation : Diligent Fire Co. v. Commonwealth, 25 P. F. Smith 295. When, however, a charter has actually been granted to certain persons to act as a corporation, and they are actually in the possession and enjoyment of the corporate rights granted, such possession and enjoyment will be held valid against one who has dealt with them in their corporate character: Angell &. Ames on Corp., sect. 80. He cannot be permitted to prove, in…
2Cases cited1 opinion
- Irvine v. Lumbermen's BankSupreme Court of Pennsylvania · 1841
3Cited by12 opinions
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- Williams v. Delaware, Lackawanna & Western RailroadSupreme Court of Pennsylvania · 1916
- Bond v. StoughtonSuperior Court of Pennsylvania · 1904
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