Supreme Court of the United States May 10, 1880, 181 (Stone v. Mississippi)

Mu. Chief Justice 'Waite

delivered the opinion of the court.

It is now too late to contend that any contract which a State actually enters into when granting a charter to a private corporation is not within the protection of the clause in the Constitution of the United States that prohibits States from passing laws impairing the obligation of contracts. Art. 1, sect. 10.