, 1874-07-05
The POTTER LAW.
An Adverse Decision in the
Northwestern Ipjuno-
tion Suit.
Tho Legislature Illus Full Power
to Alter Railroad Charters.
Share and Bond Holders Took Their
Stock Under This Paramount
Condition.
A Corporation Cannot Clothe
Its Creditors with an Abso~
lutte Interchangeable
Right.
Consolidation with Other Reads Docs
Not Change The Principle.
| Advica hv the Court To tho Rival
Consolidation with Other Roads Docs
Not Change The Principle.



Advice bV the Court to tho Rival
n+...,,a,,,
Attorneys
-
sp,efa, nspateh 10 The chscaaa T+fbuns.
1,.x,,s.s,. w. 1,lvd -rl,o court ,oot nroront- !
mnpl,oS' "te:' .s' 49,. a..,,a =, o,s,,,,,ro.
" yat CLOCK tn's no'"ins' A,ssi Wv 's1'au .''"
1nent OF tno oecls'on III n'nol o"a.' 1no NV
NJ fin Wisconain Hallway lazy ,yns oyorrulcd for |
H.. r.,,a',,r.. ra.so,,s s,n,o5 hv Jndpn DY,,n,-
s"e !ono"'As 10Ae'A'' e''''@ - '"Ne'
mond:
TIE orrSroN
~. .,,so ro. Ind Tina N nrennro any or,in,on
"N'o Aot 80" ,4s ~. ,,.,..,,1n t,,ot
In tile case. nut' as ~ "as tno"sns 'nAs
there should bo decision upon the motion 1or
IN injunction. l nm instructed by tho Court to
- -. -. , ,,ro,,,,,n.rc ;r,pnct,on.
1he po'nts 4'aoe io' Pto'.!A45 -, ill.,
l. On tho ass1mption that tne ac' o. 1no
11th Of March, 1884, "relatinB to railroads, OK
pross. and telegraph companies In tho State Of
WISCONSIN, !, In invalid ga think tbo Court has
"'eoo.'ou =, ~ 30 . !. n,a IN, !. A,o1 ~, ha.
1"rlsuicnoh III 'ue caso' @Ho W. ~ - ~.
ha!f of ctizons OF Europe nna o. otucr o'aseS ~
by tho 1talroad Commssoners wh,oh , maI ia,,t fs-
sillt, ab alleged. IN heflous Mlnly - !o1S
It was not necebaary 10 "ait nutll tnu oou'a
sionors ad pnt tno ;aw n 1nn opu,1,d nano m no
onects upon tue 4salfoAu Hop5 ,a;.,.t naa t,,n,,,
complete, before tle efnca.'on AGAINST @ ;or. sno,
was nado to court OF equity. very iiInpot"
tant function Of that GouFs ~ ~ pseson'
enea wrong 10 tae tigats VI EeopottsJ., .,o 1,n,
Wo arc ot opinion tnat 1no ~. ~ 1si san 1Akn ~,
o. ntcn m1n12nca 3 nSosE "Hn 4ss4 H. sorord
the act OF tEe 12h OF MaIcH, loa4 tae oa" seeomu
section ot whicn nociaros III, eaassti; psaas
tlotls "lsnln thls 9tHsu hlaaa I nato a eo0"o;n T.;
o.! the powers an3 prsefss 13 tha nj - thn
tnosr Respective Gla1!ots e. n,o ~ ~ ~, ,r,,,n
"a
imposes ponaly 'ol sIatnnn,as hat'saor,
There arc appafont iuoonsis.enc'os ne'|Gon VIZ,
tseao asE W. 'ia'.ea as.s nu n,4aa;o ~ ;ntond
o. MaseA ent ~ nosotnes @ Ys1st,,sa Y%gs ~ n,n
ucHt w 'no pats " aai.t;a.' 1na nnsaod SAIorch
aAtno day Joint resolution "as passea !nn.gn ;,
i4 diteoslng sne ogGt1y ,t ,rot' ,uai1 III o aath
ao tue aoI OF tne III " ~" n.i !. T., ~ -
OF Apl. u .nis ott.o Nv IT, He'1a. onns,icr tho
untli otter nnoicasoa. ~ rs aa4no @ ,rhot,'or
oinf Iaso!uton IN otaef 10 t tun ATS r.ssad
tue Legislature snas 'ne 1mo e, n9s tin 11a
on tue sane "a! snoua .o ~ ~ ," tt
Of March, ann rom taa1 ,ins"ro N BULL "'''
n9t tIe a'ttntpm ~ ~ "a ai1rand cornorat,ons
;o -; ny ~ mana1u,ion n Wiscnnsn rnny be
nndet tna CONSTITUTION y! ;t Msnc"n t"' ~ ~. ~
| atsolost y. .,'g5. ~ i ~ 1onoi atroc+ thnrn
time aier thoif passage y ~ aesil ~ e1o., ,nu.
iose tnel9 was 1uou' I Tartu,aatnrn Waiivas
grants unaef Whicu !ne & ~
company no" e!Aiula ns tlsuss " as,a;t;,n
ptouetty ~ gus staso; tn9 aot1iJe e.n. nnrt
| contained III tue Co1stltnton. ~ oecau!e ~. !.
by operation O. law Oh ofe.S ~ -. tau
made BY the Oonpany or ~ any ., a;n rs 1n
share aNd hond holera TOOK sher a1ocM OF 5no.,
HecttritoB subject to th1s paramount cotutlo1
and Of which they, In law, had notice; u tao cor
poration. BY mating contfacs Or aeoo " tluee VI
eoa;d a % " tl,a onr
Lutte, uclanseablo right T. "od onap.o tne CO, .'
posation, by ~ own act, to ebrogato ona q g. ~
provisions Of tho fundamental law Of the state
4. This principle ia not chsngea by an.norls