Reports of Cases Determined in the Appellate Courts of Illinois Volume 193

Reports of Cases Determined in the Appellate Courts of Illinois Volume 193

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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. 1916 edition. Excerpt: ...that any evidence might be introduced on the trial that would have been admissible under proper pleadings; but counsel agree here that the question presented by the record is, whether the meeting of the stockholders of December 18, 1913, was a valid, legal meeting. Appellant claims that the action of the stockholders at that meeting was of no effect because notice of the meeting, required by law, was not given. Appellee claims that there was sutiicient notice of the meeting, and if not, that all stockholders were present at the time and place, and therefore it is immaterial whether the required notice was given or not. The case was tried by the court without a jury, resulting in a judgment for the respondent, from which this appeal is prosecuted. The question is to be decided from a consideration of what was said and done at the otfice of the company on December 18, 1013, and there is little conflict in the evidence about that. It is a question of what was fairly understood, or ought to have been understood, by the parties there present in the light of the history of the corporation and its methods of electing its officers, and other existing conditions with which all present were familiar, and which must be here mentioned for a better understanding and interpretation of what there occurred. The corporation was organized in 1871 under a General Act of the Legislature of 1857, with a capital stock of $426,000, divided into 426 shares of the par value of $1,000 each. The act required that the corporation should be managed by a board of not less than three nor more than seven directors, who shall be stockholders therein, and who shall be annually elected by the. stockholders to serve for one year, and until their successors shall have been...
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Product details

  • Paperback | 220 pages
  • 189 x 246 x 12mm | 399g
  • United States
  • English
  • black & white illustrations
  • 1236989678
  • 9781236989673