The Law Dictionary

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CORPORATE PURPOSE Definition & Legal Meaning

Definition & Citations:

In reference to municipal corporations, and especially to their powers of taxation, a “corporate purpose” is one which shall promote the general prosperity and the welfare of the municipality, (Wetherell v. De- vine, 116 111. 631, 6 N. E. 24.) or a purpose necessary or pToper to carry into effect the object of the creation of the corporate body, (People v. School Trustees, 78 111. 140.) or one which is germane to the general scope of the objects for which the corporation was created or has a legitimate connection with those objects and a manifest relation thereto. (Weightman v. Clark, 103 U. S. 256, 26 L. Ed. 392.)


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