The final method by which a corporation can be dissolved is by judgment of forfeiture in a judicial proceeding.

This subject of forfeiture of a charter was dismissed by the Supreme Court of Illinois in the case of Bruffeit et al. vs. Great Western R. R. Co.14

"We are informed by Mr. Justice Blackstone, in his commentaries, that amongst the different modes by which a corporation may be dissolved, is that of a forfeiture of its charter, by negligence or abuse of its franchises. In such a case the law judges that it has broken the condition upon which it was incorporated, and thereupon it has become void. He also informs us that the regular course in such a case, to deprive the body of its powers, is to bring an information in the nature of a quo warranto, to inquire by what warrant its members exercise their corporate powers, having forfeited the charter, by the acts complained of in the information. Another mode of judicial proceeding, is by scire facias, which under some circumstances is the appropriate remedy to have the forfeiture ascertained and declared. These are the remedies in Great Britain, notwithstanding the Parliament in theory possesses the same power to declare a forfeiture as the courts. Chancellor Kent, in his commentaries, Vol. 2, page 305, lays down the doctrine, that the legislature cannot repeal, impair or alter the rights and privileges conferred by the charter, against the consent, and without the default of the corporation judicially ascertained and declared. It has been said that it is a feature in the constitution of our government, that the legislature of the different states resembles, in this particular, the prerogative of the King of Great Britain, who may create, but cannot dissolve a corporation, or without its consent alter or amend its charter."

13 Matter of Mechanics Soc., 31 La. Ann., 627.

14 25 III., 310, 313.