Merchants Bank v. Goddin & Howison
Supreme Court of Virginia
Appeal from decrees of the chancery court of Richmond city, rendered 5th July and 4th December, 1879, in the suit of Wellington Goddin and R. R. Howison, trustees, against Samuel Freedley; The Union Manufacturing Company of Richmond, Ya.; The City Sayings Bank of Richmond; John W.'Wright, receiver of said bank; The Savings Bank of Tolland, Tolland county, Connecticut, and Alvan P. Hyde, of Hartford, Connecticut.
Read the full summary
Appeal from decrees of the chancery court of Richmond city, rendered 5th July and 4th December, 1879, in the suit of Wellington Goddin and R. R. Howison, trustees, against Samuel Freedley; The Union Manufacturing Company of Richmond, Ya.; The City Sayings Bank of Richmond; John W.'Wright, receiver of said bank; The Savings Bank of Tolland, Tolland county, Connecticut, and Alvan P. Hyde, of Hartford, Connecticut. The said U. M. Co., in January, 1867, under a special act of assembly, executed its deed of trust conveying real estate and machinery to Goddin and Howison, in trust, to secure the…
1Opinion of the CourtAnderson, J.
*506The deed of trust was executed by James L. Kent, president, under the corporate seal of the Union Manufacturing Company, Richmond, Va., and by W. Goddin and R. R. Howison, trustees, under their hands and seals. A deed of a corporation, executed by the president under the seal of the corporation, is a valid mode of executing it. Angel and Ames on Corporations, § 226; Haven v. Adams, 4 Allen, 80; Burr v. McDonald, 3 Gratt. 234.
The corporation, at a meeting of the stockholders, authorized the officers of the company to execute the deed, under the direction of the executive committee. That was…
2Cited by6 opinions
- Banner v. RosserSupreme Court of Virginia · 1898
- American Stores Corp. v. AtkinsSupreme Court of Virginia · 1923
- Slaughter v. CommonwealthSupreme Court of Virginia · 1856
- Ward v. ChurnSupreme Court of Virginia · 1868
- Ward v. ChurnSupreme Court of Virginia · 1868
1 more not listed; retrieve them via the Exa API.