Gas Co. v. Wheeling

8 W. Va. 320, 1875 W. Va. LEXIS 17
West Virginia Supreme Court·Decided March 1, 1875·Published·Cited by 28 cases

Opinion

HAYMOND, PRESIDENT :

plaintiff brouglit an action of ejectment against ¿efen(jan^ [n December, 1872, to recover from the defendant several lots of ground situate in the city of Wheeling, then in the possession of the defendant, and claimed by the plaintiff. The action was brought in the circuit court of the county of Ohio. The plea filed by the defendant was that “it is not guilty of unlawfully withholding the premises claimed by the plaintiff in its declaration and on this plea issue was joined. With the plea the defendant filed a written notice to the plaintiff that, on the trial of the cause, it would rely upon and give in evidence the award, &c., hereinafter mentioned. The plea and notice were filed in open court on the 23d day of May, 1873. Afterwards, on the 22d day of November, 1873, the defendant filed a general demurrer to the declaration, which contains but one count, and the plaintiff joined in the demurrer; and the court overruled the demurrer. On the 24th day of November, 1873, Ihe trial of the issue joined between the parties was commenced before a jury, and, on the 28th day of November, 1873, the jury, by their verdict, found the issue for the defendant. Upon the verdict the court rendered judgment in favor of defendant against plaintifl for the costs of suit in the usual form; but, during the same term, the plaintiff moved the court to set aside the verdict and-judgment, and afterwards, on the 24th day of February, 1874, the court overruled the motion. During the trial of the cause the plaintiff took twelve separate bills of exception to opinions and rulings of the court.

Bill of exceptions No. 1 recites that, after the jury were sworn, the plaintiff, to maintain the issue on its part, gave in evidence to the jury the act of the General Assembly of Virginia, passed March 18, 1850, entitled “An act to incorporate the Wheeling Gas Company.” This act is set forth in full in the exception, but I will [325] only state such parts thereof as bear upon the questions^ before us for determination. .

The first section of the act provides that the persons who shall, as “ hereafter ” mentioned, become subscribers to the capital stock hereby” created, and such other persons as shall hereafter ” become stockholders in the said corporation, are “ hereby ” created a body politic and corporate by the name and style of “ The Wheeling Gas Company,” with power by that name of contracting and being contracted with, and to sue and be sued, and to acquire, hold, occupy arid enjoy all such real and personal estate as may be necessary and proper for the construction, extension and usefulness of the works of the Company, &c.

The second section provides that the capital stock of the Company shall not be less than $50,000, with power to increase the same as thereinafter provided, without special limit of such increase.

The third section of the act appoints commissioners to raise subscriptions to the stock of the Company, and provides for the election of directors annually.

The fifth section authorizes the city of Wheeling to subscribe to the stock of the Company to an amount not exceeding $15,000.

The sixth section provides that the stock and all the property of the Company shall be deemed personal estate, and as such shall pass to the executors, administrators or assigns of the stockholders.

The eighth section provides that the corporation hereby created shall have full power and authority to manufacture and to sell gas, to be made from any or from all of the substances, or'a combination thereof, from which inflammable gas is usually obtained, and to be used for the purpose of lighting the city of Wheeling, or the streets thereof, and any buildings, manufactories, public places or houses therein contained, and to erect necessary works and apparatus for conducting the gas along the streets and alleys of the city.

[326] The ninth section provides that the directors or a majority °£ them may choose from their own body a president, and in his absence a vice-president pro tempore and that the president and directors, subject to such regulations as the stockholders in general meeting may ordain and establish shall have power to call general meetings of the stockholders; to supply vacancies in their own body ; to appoint such officers, agents and clerks as the stockholders, in general meeting, may authorize; to take bonds with sufficient security for the good conduct, fidelity and attention of such officers, agents and clerks, and to do all other acts and things touching the affairs of the Company not otherwise specially provided for.

The tenth section authorizes the directors for the general purposes of the Company, &c., to borrow money and seal and deliver therefor the bonds or evidences of debt of the Company in conformity with the terms of the loan.

The eleventh section provides that the directors shall have powder to make such by-laws and rules for their own government and for regulating the concerns of the Company, as they shall think requisite and proper respecting the management and disposition of the stock, property and estate of the Company, the duties of the artificers, officers and agents to be employed and all other matters pertaining to the concerns of the Company.

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Gas Co. v. Wheeling, 8 W. Va. 320, 1875 W. Va. LEXIS 17 (W. Va. 1875).

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