Jasper County Democrat, Volume 1, Number 29, Rensselaer, Jasper County, 29 October 1898 — PULLMAN COMPANY HIT. [ARTICLE]

PULLMAN COMPANY HIT.

Conrt Declares Corporation Has Exceeded Its Limitations. The ‘Pullman Palace Car Company w hard hit by a decision of the Illinois Supreme Court, which has declared that the corporation usurped power not granted in its charter when it bought real estate and built thereon the town of Pullman. Charter violation is also held in the company’s owning stock in the Pullman Iron and Steel Company and the land it owns neai the Belt Line. Stripped of sll legal technicalities the important ports of the decision affecting the company are as follows: The court holds that the charter of the company did not clothe it with power to purchase the real estate upon which the town or city ol Pullman Is built, or to construct the buildings in said town or city, or to engage in the business of renting dwellings, storerooms, market places, etc. It holds thgt it may not own stock in the Pullman l[rpE. and Steel Company, but that it may’ iel' liquors to the passengers on its cars/* 10 11