Hayes v. State Ex Rel. Oldroyd MacHine Co.

The only question presented to this court is whether, under the facts disclosed by the record, the Long & Allstatter Company could sign a supersedeas bond of the Oldroyd Machine Company and others, or whether that act would be beyond the scope of the authority of that corporation. It is contended that the action of the court in requiring the acceptance of the Long & Allstatter Company as surety upon such bond has the effect of aiding that corporation to perform an ultra vires act.

The Long & Allstatter Company was incorporated under the laws of Ohio in 1878, its purpose being stated in its…