24 Minn. 75 | Minn. | 1877
1. The court before which this action was tried finds, as conclusions of fact, that' the plaintiff is a corporation, and that a certain mortgage was delivered to the plaintiff by the defendants Allis and wife. The defendants claim that these findings are not justified by the evidence-. No* motion for a new trial upon this ground was made below. - Where, however, an action is tried by the district court itself,.
2. As to the delivery of the mortgage to the plaintiff by Allis and wife the evidence was conflicting. Some of it reasonably tended to show that the delivery was made, and .some that it was not made. By a familiar rule this condition ■of the evidence prevents us from disturbing the finding of the fact of delivery.
3. As respects the corporate character and existence of the plaintiff, there is evidence showing the incorporation and-■organization of “The St. Paul Mutual Insurance Company,” under the provisions of its original charter, found in Laws 1853, c. 7, 8. By Sp. Laws 1865, c. 61, chapters 7 and 8, laws 1853, were amended in several particulars.
Defendants contend that chapter 61 is not properly amendatory of chapters 7 and 8, but that, under the guise of amendments, it creates a corporation materially different from that •created by the acts of 1853.- These acts created a mutual insurance company, with authority to issue stock policies to persons desiring such. The act of 1865 purports to make ■the company an exclusively stock company. This is the most radical and important change attempted. We think it is not •obnoxious to that clause of our constitution which forbids the formation of corporations by special act. Its effect is only to authorize the company created by the acts of 1853 to exercise
The evidence in the ease further shows a continued user of the franchises conferred by the acts of 1853 down to March 14, 1865, by persons assuming to act as the directors and officers of the company — persons who appear to have been in the actual possession and exercise of the franchises of the company, to have had the possession and control of its records, and, in general, to have carried on its business. The records show much looseness and irregularity in the conduct of business, and in the election of directors; but, nevertheless, the fact remains that the persons who assumed to act as the directors and officers of the company were its directors and officers, de facto at least, and there is nothing tending to show that their claim to be the directors and officers of the company, or their exercise of its franchises or management of its business, was ever in any way put in question or objected to.
, These facts are certainly competent and credible evidence of the corporate existence of the company on March 14,1865, and that the persons who at that time claimed to be the directors of the company, and acted as such, were its legal directors. Upon this evidence the court below was, therefore, authorized to find that the persons mentioned were the legal directors, and, therefore, that their acceptance of the act of 1865, in accordance with the provisions of its last section, was valid and binding upon the company.
The act of 1865, besides making the company exclusively stock instead of mutual, also changed its name to that of the present plaintiff, and made other alterations of the original charter as respected the government of the company, the management of its business, etc. Under the charter,- as thus