Source or Prior Law:

L. 1866, ch. 57, § 8; G.S. 1868, ch. 23, § 11; L. 1872, ch. 104, § 1.

CASE ANNOTATIONS

1. Shares increased by vote of directors only, void; stockholders by vote and certificate may increase the capital stock. Tschumi v. Hills, 6 Kan. App. 549, 553, 51 P. 619.

2. Powers granted under this section limited by employees' wage law. The State v. Haun, 7 Kan. App. 509, 521, 54 P. 130. Reversed: The State v. Haun, 61 Kan. 146, 59 P. 340.

3. Donation of lots by town company to university not ultra vires. Whetstone v. Ottawa University, 13 Kan. 320.

4. Corporations have power to do business in other states and countries. A.T.&S F. Rld. Co. v. Fletcher, 35 Kan. 236, 10 P. 596.

5. Directors have power to fix salaries of officers; common agreement. St.L., Ft.S.&W. Rld. Co. v. Tiernan, 37 Kan. 606, 15 P. 544.

6. Company must pay employee when employed by manager having authority. St.L., Ft.S.&W. Rld. Co. v. Grove, 39 Kan. 731, 18 P. 958.

7. Irrigation corporation, with stockholders' assent, may sell out to another. The State, ex rel., v. Irrigating Co., 40 Kan. 96, 19 P. 349.

8. Purchase of flour without scope of corporate powers not binding. Getty v. Milling Co., 40 Kan. 281, 19 P. 617.

9. Contract with town company to remove buildings not ultra vires. Town Co. v. Russel, 46 Kan. 382, 384, 26 P. 715.

10. Corporation has power to mortgage franchise granted by city. The State v. Water Co., 61 Kan. 547, 558, 60 P. 337.

11. Bylaws restricting transfer of stock held void. Steele v. Telephone Association, 95 Kan. 580, 582, 589, 148 P. 661.

12. Corporation may temporarily acquire own stock to protect against loss. Kelly v. Insurance Co., 101 Kan. 91, 97, 165 P. 806.

13. Charter states existence forever; duration not limited to statutory period. The State, ex rel., v. Cogley, 109 Kan. 427, 430, 198 P. 939.

14. Religious society may accept gift conditioned on paying certain sum annually to donee. Barger v. French, 122 Kan. 607, 611, 253 P. 230.

15. Incorporation agreement and mortgage construed to give mortgagee priority in foreclosure. Eureka B. & L. Ass'n v. Greenwood Hotel Corp., 152 Kan. 175, 182, 183, 103 P.2d 46.