...attention to the language of Chief Justice Marshall in Fletcher v. Peck (6 Cranch, 87, 135) : When, then, a law Is in Its nature a contract, when absolute rights...have vested under that contract, a repeal of the law can not devest those rights ; and the act annulling them, If legitimate, Is rendered so by a power...

...franchise was granted. It is true, also, that when a law is in the nature of a contract or grant, and absolute rights have vested under that contract, a repeal of the law *21 VI cannot divest *those rights. But the plaintiffs in this -" case are not corporators, or stockholders...

...done under a law, a succeeding legislature can not undo it. ... "When then a law is in the nature of a contract, when absolute rights have vested under that contract, a repeal of the law can not devest those rights; . . . "It may well be doubted whether the nature of society and of government...

...of contracts. On the basis of this provision the court held, in the case of Fletcher v. Peck,42 that when a law is in its nature a contract, when absolute...vested under that contract, a repeal of the law cannot divest those rights. It was the unanimous opinion of the court that the State of Georgia was restrained...

...consequence of the Impure motives which Influenced certain members of the legislature which passed the law. When a law Is In Its nature a contract, when absolute...contract, a repeal of the law cannot devest those rights. A party to a contract cannot pronounce Its own deed invalid, although that party be a sovereign e ta...

...authority, still, that they originally vested is > fact, and cannot cease to be a fact. When, then, a law is in its nature a contract, when absolute rights...contract; a repeal of the law cannot devest those rights; and the act of annulling them, if legitimate, is rendered so by a power applicable to the case of every...

...well settled in this court, that a legislative act may be a contract, and that whenever it is so, and absolute rights have vested under that contract, a repeal of the law cannot devest these rights ; and that, if the act of annulling them is legitimate, it is rendered so by a power applicable...

...man and man would be very seriously obstructed, if this principle be overturned. . . . "When, then, a law is in its nature a contract, when absolute rights...vested under that contract, a repeal of the law cannot divest those rights; and the act of annulling them, if legitimate, is rendered so by a power applicable...

...authority, still, that they originally vested is a fact, and cannot cease to be a fact. When, then, a law is in its nature a contract, when absolute rights...vested under that contract, a repeal of the law cannot divest those rights; and the act of annulling them, if legitimate, is rendered so by a power applicable...

...contract, and the Supreme Court of the United States, in Fletcher vs. Peck, 6 Cranch 87, say: "When then, a law is in its nature a contract, when absolute rights...vested under that contract, a repeal of the law cannot divest those rights." [See also Ferrett vs. Taylor, 9 Cranch, and Winter vs. Jones, 10th Ga., 190.]...