Popular Law Library Putney volume 8

Cover Popular Law Library Putney volume 8
Popular Law Library Putney volume 8
Albert H Putney
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They exist there, how- ever 1, by the common law; 2. By prescription; 3, by royal charter; 4, by authority of Parliament. Corporations at common law are those which derive their existence and powers from immemorial usage, although they may have had their origin in an act of Parlia- ment or royal grant, no longer discoverable. Those by pre- scription presuppose a grant by charter or act of Parliament, which has been lost. Into cor- porations created by regal or legislative grant may be re- CORPO...RATIONS DEFINED. 221 By Implication The rule is well settled in the United States, that Public Corporations may be established without any particular form of words, or technical mode of expression, as ' 'where the legislature confers or imposes upon a certain community or body of persons, by a collective name, powers or liabilities of such a character that they can only be exercised by or attached to the place in a corporate capacity, it will be deemed to have created a corporation; in so far at least as is necessary to give effect to the legis- lative intention.

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