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Home > History and Archaeology > History > Tennessee Cases with Notes and Annotations Volume 1; Being Reports of Cases Argued and Determined in the Supreme Court of Tennessee, Not Heretofore Reported, and Also the Cases Contained in Thompson's Cases and the Legal Reporters Not Reported in t
Tennessee Cases with Notes and Annotations Volume 1; Being Reports of Cases Argued and Determined in the Supreme Court of Tennessee, Not Heretofore Reported, and Also the Cases Contained in Thompson's Cases and the Legal Reporters Not Reported in t

Tennessee Cases with Notes and Annotations Volume 1; Being Reports of Cases Argued and Determined in the Supreme Court of Tennessee, Not Heretofore Reported, and Also the Cases Contained in Thompson's Cases and the Legal Reporters Not Reported in t


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 Excerpt: ...ass.), 8 SAME. Defined and distinguished from private corpora tions; derivation of powers. A municipal corporation is a subordinate branch of the domestic government of:1, state, instituted as a local government for public purposes only, for the benefit of the people within its corporate limits, and invested by the state legislature with such powers as it deems adequate to the ends to be accomplished. It can justly exorcise no powers that are not granted, or fairly to be implied as necessary means to the enjoyment and full exercise of such granted powers. it has none of the peculiar qualities. and characteristics of a. trading corporation, instituted for purposes of gain. except that of acting in a corporate capacity. Its objects, its responsibilities. and its powers are difierent. (Pp. 356, 357, 359.) 9. SAME. Cannot issue checks, orders. notes, etc.. to raise money, without legislative authority. A municipal corporation has no power. without legislative authority, expressly granted or clearly implied, to issue corporation checks or orders, notes, bills, or other securities, for the purpose of borrowing money by discounting them or otherwise raising the money on them for the ordinary expenses of the corporation, and such paper issued, without authority by the corporation ofliccrs. is not binding on the corporation, even in the hands of innocent purchasers, for value before due. The corporation is not estopped by the illegal acts of its officers in issuing such paper, but may successfully defend against the same on the ground that its issuance was ultra vires. (Pp. 354-360.) 10. SAME. May issue evidences of debt for liabilities legally 11. 12.. incurred. Such corporation checks, orders, certificates of indebted ness, and the like may be properly issued to t...


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Product Details
  • ISBN-13: 9781232420750
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 230
  • Spine Width: 12 mm
  • Width: 189 mm
  • ISBN-10: 1232420751
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 417 gr

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Tennessee Cases with Notes and Annotations Volume 1; Being Reports of Cases Argued and Determined in the Supreme Court of Tennessee, Not Heretofore Reported, and Also the Cases Contained in Thompson's Cases and the Legal Reporters Not Reported in t
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Tennessee Cases with Notes and Annotations Volume 1; Being Reports of Cases Argued and Determined in the Supreme Court of Tennessee, Not Heretofore Reported, and Also the Cases Contained in Thompson's Cases and the Legal Reporters Not Reported in t
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