This section is from the book "Popular Law Library Vol8 Partnership, Private Corporations, Public Corporations", by Albert H. Putney. Also available from Amazon: Popular Law-Dictionary.
The powers belonging to private corporations fall into three general classes: (1) Those incidental to corporate existence; (2) those expressly conferred by statute or the charter of the corporation; and (3) those incidental to the powers expressly granted.
 
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