Malone v. Lancaster Gas Light & Fuel Co.

Citations

• 182 Pa. 309
• 37 A. 932
• 1897 Pa. LEXIS 812

Syllabus

<p>Corporation — Stockholder's bill — Fraud—Evidence—Burden of proof.</p> <p>On a stockholder’s bill against a corporation and other stockholders to enjoin the issue of new stock and the increase of the corporation’s bonded indebtedness, where it is averred that the increase is not in good,faith for the purposes and in the interest of the corporation, but in pursuit of a scheme to acquire control of the corporation and run it in the interest of a rival, the burden of proof is upon the complainant.</p> <p>Corporations — Incidental powers — Ultra vires.</p> <p>Corporations may transact, in addition to their main undertaking, all such subordinate and connected matters as are, if not essential, at least very convenient to the due prosecution of the former.</p> <p>A corporation organized for the purpose of “ manufacturing and supplying illuminating and heating gas ” may not only supply the gas itself, but may also incidentally deal in such patented appliances and conveniences as will induce new customers to use gas, or old ones to use more.</p>