Page:Henry Osborn Taylor, A Treatise on the Law of Private Corporations (5th ed, 1905).djvu/971

 INDEX. 951 References are to the Sections. PLEDGEE OF SHARES, when held as shareholder to creditors, 741. POLICE POWER: how differs from eminent domain and taxing power, 469a. state cannot revoke franchise through exercise of, 474. restrictions on, through power of Congress to regulate commerce, 474a. its limits, 475, 476. legislature cannot surrender, 465, 466. regulation of railroad charges by, 475, 476a, 4766. state may change remedy by exercise of, 493-495. POOLING ARRANGEMENTS OF RAILROAD COMPANIES, 309. POWERS OF AGENTS. See Agents. POWERS OF CORPORATIONS. See Corporate Powers. POWERS OF DIRECTORS. See Directors. PREFERENCES, directors cannot make to themselves when creditors, 759, 760. PREFERENTIAL ASSIGNMENTS BY CORPORATIONS, 668. PREFERRED SHARES: power to issue, 124, 571, 572. right of holders to dividends, 563. dividends on, cumulative, 564. payable only out of profits, 565. rights of holders as to other shareholders on winding-up, 786. PRELIMINARY DEPOSITS: when may be withdrawn, 98. liability of promoters for, 104, 106. effect of failure to make, on validity of subscription, 516. PRESIDENT: powers of, 190, note, 192, note, 202, 236-238. enlarged by custom, 237. cannot mortgage corporate property, 187, note, 236. nor sell lauds of corporation, 236. nor assign property in payment of antecedent debts, 236, note, nor bind it as an accommodation indorser, 236, note. may sell its goods, 237, note. when corporation liable for moneys borrowed by, 203. notice to, 216. admissions of, 236, note. compensation of, 646-648. of bank cannot certify his own check, 636. PRESUMPTIONS IN FAVOR OF VALIDITY OF CORPORATE ACTS, 128, 203-206, 251, 261, 263, 328. that land was acquired for authorized purposes, 128, note, 232, note. when outsider may assume that agent is acting rightfully, 204. outsider may not assume existence of unusual facts, 206. regarding negotiable paper, 205, 285. assertion by agent of his own authority, 207-209. in favor of validity of directors' acts, 232. that corporate Beal is rightfully affixed, 202, note.