A Treatise on Stock and Stockholders, Bonds, Mortgages and General Corporation Law Volume 2

A Treatise on Stock and Stockholders, Bonds, Mortgages and General Corporation Law Volume 2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...below that figure. Buffalo, etc., R. R. C0. v. Buffalo, etc., R. R. Co., 111 N. Y., 132 (1888). The state may regulate ' joint rates over several railroads. Burlington, etc., R'y v. Dey, 48 N. V. Rep., 98 (Iowa, 1891). A statute fixing maximum passenger rates of railroads. according to a classification varying the rate with the gross annual passenger earnings of each road, is constitutional even though the rate allowed is higher in one part of the state than another. VVel1man '0. Chicago, etc., R'y, 4'7 N. VV. Rep., 489 (Mich., 1890). Under a former statute in Ohio, now repealed. rates were to be reduced where the profits had been ten per cent. on the capital for ten years prior to the statute. Iron R'y v. Lawrence F. Co., 30 N. E. Rep., 616 (Ohio, 1892). Under the constitutional reserved right to alter, revoke or annul a charter, the legislature may reduce ratw where no injustice is done to stockholders. St. Louis. etc., R'y Co. '0. Ryan, 19 S. Vi'. Rep., 839 (Ark., 1892). The legislature may delegate to a board of railroad commissioners See, also, on this subject, 501, etc., supra. Concerning the controversy between the people and the railroads resulting in the legislature reducing rates, see Cook on The Corporation Problem, pp. 11-24. 1In Chicago, etc., R'y v. Wellman, 143 U. S., 339 (1892), the court said, in reference to the Michigan statutes reducing railroad rates, "The legislature has power to fix rates. and the extent of judicial interference is protection against unreasonable rates." The court will not decide the rate unreasonable on evidence taken in a " friendly suit," especially where the alleged operating expenses of the railroad are not given in detail; aflirming...show more

Product details

  • Paperback | 716 pages
  • 189 x 246 x 36mm | 1,256g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236865634
  • 9781236865632