Meeker v. Chicago Cast Steel Co.

Citations

• 84 Ill. 276

Syllabus

<p>1. Evidence—sufficiency to prove values. In trover for the conversion of steel ingots, there was no direct proof of their market value at the time of the conversion, but it was proved that steel made from such ingots was worth a certain sum per pound, and how much it would cost to convert the ingots into merchantable steel: Held, that the proof furnished sufficient data to enable the jury to approximate the value of the ingots by taking the cost of converting them into steel from the market value of merchantable steel.</p> <p>3. Private corporation—corporate existence, how tested. The regu-' larity of the organization of a corporation can not be questioned in a collat. eral way. If franchises not granted by statute have been usurped, the inquiry must be made by a direct proceeding to seize the franchises to the people, and dissolve the corporation.</p> <p>3. Corporations—new constitution does not repeal statute relating to private' corporations. Section 1, of article 11 of the constitution of 1870, was not designed to repeal the general law on the subject of private corporations in force prior to the adoption of the constitution, and all corporations framed under such law after the adoption of the constitution, are valid and effectual.</p>