The opinion
HENSHAW, J., dissenting.
I dissent. The only new rights obtained by the corporation were: 1. To continue its corporate existence to the full term of fifty years; 2. To exercise its corporate franchise under the prescriptions and regulations of the code. An analysis of People v. Pfister, 57 Cal. 532 , will disclose that the sole objection there presented to the defendant’s right to collect tolls was based upon the contention that it had ceased to be a corporation. That proposition having been resolved in the defendant’s favor, the right to collect tolls was not decided, but conceded.
Beatty, C. J., and Temple, J., concurred in the dissenting opinion.