Anderson-Dulin-Varnell Co. v. Williams

delivered tlie opinion of the Court.

In order to meet the growing demands of modern business, the legislature passed, in 1875, a general act to provide for the organization of corporations. Acts 1875, chapter 142. Sections 1 to 4, inclusive, provided for the organization of charitable, religious, and other general welfare, or not for profit, corporations. Section 5 provides:

‘'That the general powers of all corporations chartered for purposes of individual profit, the provisions of and restrictions in said corporations'shall be as follows,” and proceeds to set out the general powers, subject to…