The American and English Corporation Cases; A Collection of All Cases Affecting Corporations of Every Kind, Other Than Municipal and Railroad, Decided by the Courts of Appellate Jurisdiction in the United States, England, and Volume 7

The American and English Corporation Cases; A Collection of All Cases Affecting Corporations of Every Kind, Other Than Municipal and Railroad, Decided by the Courts of Appellate Jurisdiction in the United States, England, and Volume 7

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ...was an indebtedness to complainant of $50,000 on moneys advanced to Moran, as before stated, which became due in November. 1894. On November 8, 1894, two new notes for $25,000 each, payable in three and four months respectively, from date, were executed by the John Moran Packing Company, to the order of complainant, to take up the said indebtedness. These two notes, of $25,000 each, were endorsed by John Moran, and are the notes secured by complainant's mortgage, sought to be foreclosed by complainant's bill. The mortgage in question was not executed until February following. About the middle of February, 1895, one of the $25,000 notes being due and unpaid, the complainant demanded security from the company. At this time the company owed in the neighborhood of $160,000. A meeting of the board of directors of the John Moran Packing Company was, after notice to each director, held at St. Joseph, Mo., on the 18th day of February, 1895. Three of the five members of the board of directors, namely, John Moran. C. W. Taylor, and P. Fogarty, were present at the meeting, and voted in favor of the following resolution: "Resolved, that the president and secretary be, and they are hereby, instructed to execute deeds in the nature of mortgages upon all the property of the company situated in this state and in Illinois, for the purpose of securing the payment of two notes made by this company to the State National Bank on the Sth day of November, 1894, for $25,000 each, and also for the purpose of securing and carrying out the contract with the St. Joseph Stock Yards & Terminal Co., made by John Moran on the 25th day of June, 1894, assumed by that company." The resolution then sets out in /are z'm'b(1 certain deeds and...show more

Product details

  • Paperback | 266 pages
  • 189 x 246 x 14mm | 481g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236892348
  • 9781236892348