Reports of Cases Argued and Determined in the Supreme Court of Alabama Volume 57-58 (Paperback)

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. 1905 Excerpt: ...what not ground for.--Where the corporation has given instructions to its agents, in accordance with its charter, for their guidance in conducting its business as prescribed by such charter, violation of these instructions by the mere agents of the corporation, without the knowledge of the corporation, is not ground for a forfeiture of the charter. See 12 Cent. Dig. Corporations, % 2101. Appeal from Circuit Court of Mobile. Tried before Hon. H. T. Toulmin. This was an information filed by the State in the relation of A. O. Murphy against the Tuscaloosa Scientific and Art Association, for the purpose of having their charter declared forfeited for misuser. The information alleged that the Association was formed for the purpose of distributing articles of art and science, and that by its charter it was authorized and empowered to receive subscriptions and to sell and dispose of certificates of subscription which shall entitle the holder thereof to any articles which may be awarded to them; but the act provides that such distribution of awards shall be fairly made in public after advertisement, by lot, chance or otherwise, at its office in Tuscaloosa or at any other convenient place that may be selected by the said corporation. The charter further provided, that before any distribution the corporation should advertise a list of all the articles to be drawn for, with the value of each article. The Association was, by its charter, allowed to distribute paintings, scientific instruments, and anything useful or ornamental, "save and except money or legal currency of the United States of America." The charter further provided, that if any winner of any of the prizes offered should believe that the prize was not worth the annexed value in money, he should b...