Tempel v. Dodge

It appears from the application and the record accompanying it that the Pacific Railway Improvement Company was incorporated in the State of Connecticut in the year 1879, and organized for the purpose of constructing the Texas Pacific Railway. In the charter of the said corporation is this provision: "The officers of this corporation shall consist of a President, Vice-President, Secretary and Treasurer, and its affairs will be managed by a board of five directors."

A by-law provided that: "An executive committee shall, immediately after the adoption of the by-laws, be appointed by the…