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Updated: May 1, 2025
These terms, "acceptance" and "assent," are the very language of contract. In Ellis v. Marshall, it was expressly adjudged that the naming of the defendant among others, in an act of incorporation, did not of itself make him a corporator; and that his assent was necessary to that end.
He was also an eminent bibliophile, possessing a library of thirty thousand volumes. He was also a prominent agitator against the fugitive slave law, and organizer and corporator of the Illinois Central Railroad, the first transcontinental line projected.
This shows the general understanding of the law, that they are grants or contracts; and that parties are necessary to give them force and validity. In King v. Dr. Askew, it is said: "The crown cannot oblige a man to be a corporator, without his consent; he shall not be subject to the inconveniences of it, without accepting it and assenting to it."
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