Ferrel v. Woodward
Opinion of the Court
The evidence shows that Gleason never accepted the franchise from [the state. The grant was to Gleason and Ferrel, their heirs, executors, administrators or assigns. Could Ferrel alone accept a franchise granted to him and Gleason ? If the grant had been to more persons than two, perhaps a majority might have accepted. Still there are strong reasons that might be urged against such a construction. We know of no law, authority or doctrine for holding that a less number than a majority to whom a franchise is granted can accept it; and we have been referred to none. If one person can accept of exclusive privileges conferred jointly by the legislature on him and another, we see no reason why, when any larger number of persons are invested with exclusive corporate franchises on condition of their accepting, any one may not accept, rightly exercise, hold, own and assign all the rights and franchises conferred upon the whole. It appears to us that'the franchise
By the Court. — The judgment of tbe circuit court is reversed, and tbe cause remanded with directions to dismiss tbe complaint.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.