Page:Henry Osborn Taylor, A Treatise on the Law of Private Corporations (5th ed, 1905).djvu/969

 INDEX. 949 References are to the Sections. NUMBER OF SHARES, power of corporation to increase, 133. OBJECTS OF INCORPORATION, important in determining corporate powers, 114, 120. OBLIGATION OF CONTRACTS, 333, 448-450, 453, 4(31-468, 487-491, 493-502, 507. OBSERVANCE OF FORMALITIES. See Formalities. OFFICERS: de facto, validity of their acts, 188-190. rights of, 809. illegally elected cannot make calls, 540. election of, 577-581. indemnification of, 645. compensation of, 646-648. removal of, 581, 649, 650. a court of equity has no power to remove, 611. approval by, of agents 1 acts, 252. relations of, to state, 506. may act as trustees for bondholders, 629, note, liability of, in acting on behalf of their corporation, 752, 753. liability of, to other contracting party when contract is ultra vires, 754. liability of, to outsiders for acts of other agents, 755. liability of, to creditors, 756. for misapplication of corporate funds, 757. for neglect of duty, 758. for frauds of other officers, 758. relations of, to creditors on the insolvency of the corporation, 759. relations among, 802. contributions among, 803-807. right of, to inspect corporate books, 808. See Directors, President, Cashier, Agents, Statutory Liability. OFFICIAL BONDS, 249, note, 257. liability of directors for not requiring other officers to furnish, 619, note, 621. ORDINARY BUSINESS: meaning of the term with reference to the powers of the board of directors, 223. with reference to powers of cashier, 241. ORDINARY CARE, required of directors, 617. ORGANIZATION OF CORPORATIONS, cannot be affected outside of the state, 382, note, when defective, is remediable, 157. must be a substantial compliance with enabling act, 451, note, certificate must be filed, 451, note. See De Facto Corporations. OWNERSHIP OF CORPORATE PROPERTY, :5;>. PAR, issue of stock below, when illegal, 124, 541. 522o-522c. PAROL DECLARATIONS, effect of on subscriptions, 97. note, 103, note, 521.