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Addition alley amount assessment authority avenue average bonds Building capital cars cent charged Chicago Gas Light city of Chicago Clark Coke Company COMMISSION'S condition construction consumers contract corporation cost council court Dearborn dividends dollars earnings electric Elevated Estate estimate expenses feet four franchises Fuel Gas Company given granted gross Guide House Illinois Improve interest investment issued John Lake Land legislature less Lessee license Light and Coke mains Market mayor ments Michigan mile month municipal N. E. Cor necessary North officers operating Original Owners paid pany persons pipes plant present privileges Railroad Railway Company reason receipts represented roads S. W. Cor securities Side South street railway telephone term thousand tion Town track Trust VALUATION Wabash Water West
Página 15 - First, those granted in express words; second, those necessarily or fairly implied in or incident to the powers expressly granted; third, those essential to the declared objects and purposes of the corporation — not simply convenient but indispensable. Any fair reasonable doubt concerning the existence of power is resolved by the courts against the corporation and the power is denied.
Página 85 - The public cannot properly be subjected to unreasonable rates, in order simply that stockholders may earn dividends. The Legislature has the authority, in every case, where its power has not been restrained by contract, to proceed upon the ground that the public may not rightfully be required to submit to unreasonable exactions for the use of a public highway, established and maintained under legislative authority.
Página 84 - When the question arises whether the legislature has exceeded its constitutional power in prescribing rates to be charged by a corporation controlling a public highway, stockholders are not the only persons whose rights or interests are to be considered. The rights of the public are not to be ignored.
Página 15 - It is a general and undisputed proposition of law that a municipal corporation possesses and can exercise the following powers and no others: First, those granted in express words; second, those necessarily or fairly implied in or incident to the powers expressly granted; third, those essential to the declared objects and purposes of the corporation — not simply convenient but indispensable.
Página 39 - ... so to do In such manner, and upon such terms and conditions, and with such rights and privileges, Immunities and exemptions, as the said common council has, or may, by contract with said parties, or any or either of them, prescribe...
Página 15 - Of every municipal corporation the charter or statute by which it is created is its organic act. Neither the corporation nor its officers can do any act, or make any contract, or incur any liability, not authorized thereby, or by some legislative act applicable thereto. All acts beyond the scope of the powers granted are void.
Página 42 - ... or amended by and between the said common council and any one or more of the said corporations, respecting the location, use or exclusion of railways in or upon the streets, or any of them, of said city, shall be deemed and held and continued in force during the life hereof, as valid and effectual, to all intents and purposes, as if made a part, and the same are hereby made a part, of said several acts...
Página 28 - The council may from time to time appoint out of their own body such and so many committees, either of a general or special nature, and consisting of such number of persons, as they think fit, for any purposes which, in the opinion of the council, would be better regulated and managed by means of such committees : but the acts of every such committee shall be submitted to the council for their approval.
Página 237 - All the corporate powers of said corporation shall be vested in and exercised by a board of directors, and such officers and agents as said board shall appoint.