Bowen v. Lease

5 Hill & Den. 221
CourtNew York Supreme Court
DecidedMay 15, 1843
StatusPublished

This text of 5 Hill & Den. 221 (Bowen v. Lease) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bowen v. Lease, 5 Hill & Den. 221 (N.Y. Super. Ct. 1843).

Opinion

By the Court, Nelson, Ch. J.

The only material question in this case is, whether the ,4th section of title 4 of the 18th chapter of the 1st part of the revised statutes, (1 R. S. 603,) under the head of “ Special provisions relating to certain corporations,” (that section being but a re-enactment of the 6th section of the act of April 21st, 1825, “ to prevent fraudulent bankruptcies by incorporated companies” &c.,) applies to the New-York and Erie Rail-Road Company. The section is as follows : K Whenever any incorporated company shall have refused the payment of any of its notes, or other evidences of debt, in specie, or lawful money of the United States, it • shall not be lawful for such company, or any of its officers, to assign or transfer any of the property or choses in action of such company, to any officer or stockholder of such company, directly or indirectly, for the payment of any debt; and it shall not be lawful to make any transfer or assignment in contemplation of the insolvency of [224]*224such company, to any person or persons Avhatever; and every such transfer and assignment to such officer, stockholder or other person, or in trust for them or their benefit, shall be utterly void,” &c.

The main argument relied on to take the assignment in this case out of the operation of the above provision, is based upon the 18th section of the act incorporating The New-York and Erie Rail-Road Company, (Sess. Laws of 1832, p. 408,) which is in these words: “ This said corporation shall possess the general poAvers, and be subject to the general restrictions and liabilities prescribed by such parts of title 3d of the 18th chapter of the 1st part of the revised statutes, as are not repealed.” It is insisted that this express reference to and adoption of such of the provisions contained in the 3d title of the 18th chapter as are not in conflict Avith the charter, taken in connection Avith the fact that no allusion Avhatever is. made to the 4th title of the same chapter, virtually and necessarily exclude the operation of the provisions of the latter, upon the principle that éxpressio unius est exclusio alterius.

The eighteenth chapter of the 1st part of the revised statutes contains four titles, all of which are ranged under the general head, “ Of incorporations.” The 1st title relates to turnpike companies; the 2d to monied corporations; and the 3d and 4th embody various important general and special provisions, applicable, more or less, to every description of corporations, with the exception that the 4th is declared not “ to apply to any incorporated library or religious society; nor to any monied corporation which shall have been created or whose charter shall have been renewed, <fce., after the first of January, 1828.” (1 R. S. 605, § 11.) The 3d title is chiefly devoted to the enumeration and definition of the particular powers intended to be conferred upon corporations generally, which powers do not very essentially differ from those belonging to corporations at common law. The 4th title relates to and regulates the conduct of the directors, officers and agents, selected to direct and manage the corporate business, and contains a Avell digested code of laws, civil and penal, for the government of the corporate brother* [225]*225hood, to which they were intended to be as effectually subjected as natural persons are to the municipal regulations of their society. The 3d title recognizes or confers the powers and faculties by which corporations are enabled to accomplish the special objects of their creation; while the 4th title prescribes the rule of corporate action to be observed and obeyed in the fulfilment of those objects. The immediate design, operation and effect of the provisions contained in these two titles respectively, being different, the special reference to the one, in the charter of The New-York and Erie Rail-Road Company, does not either necessarily, or even reasonably, imply an intention on the part of the legislature to exclude the operation and effect of the other.

Where there is a difference in the whole purview of two statutes, apparently relating to the same subject, the former is not repealed. (The King v. Downs, 3 T R. 569; Dwarris, 674.) The same principle was applied in Goldson v. Buck, (15 East, 371,) where it was held that two acts relating to the same subject, conferring several powers to be exercised for different purposes, might well subsist together, and the former not be repealed by implication.

The invariable rule of construction in respect to the repealing of statutes by implication, is, that the earliest act remains in force, unless the two are manifestly inconsistent with and repugnant to each other,

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Bluebook (online)
5 Hill & Den. 221, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bowen-v-lease-nysupct-1843.