For example. A banking corporation allows a majority to
determine such questions of discretion as whether the note of
A or of B shall be discounted; whether notes shall be discounted
on one, two, or six days in the week; how many hours in a day
their banking-house shall be kept open; how many clerks shall
be employed; what salaries they shall receive, and such like
matters, which are in their nature mere subjects of discretion,
and where there are no natural presumptions of justice or right
in favor of one course over the other. But no banking corporation
allows a majority, or any other number of its members less than
the whole, to divert the funds of the corporation to any other
purpose than the one to which every member of the corporation
has legally agreed that they may be devoted; nor to take the stock of
one member and give it to another; nor to distribute the
dividends among the stockholders otherwise than to each one the
proportion which he has agreed to accept, and all the others have
agreed that he shall receive.
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