Stewart v. Gould

*368The opinion of the court was delivered by

Scott, J.

— The Clallam County Abstract & Trust Company was a corporation organized under the laws of this state, authorized, as expressed by the articles of incorporation, “to borrow money upon notes, bonds, etc., and to this end to give personal, collateral, real estate or other security.” From January, 1892, until June, of said year, all of the stock of 'the company belonged in equal amounts to R. A. Grimes, Horace White and B. F. Schwartz, who were, during said time, the trustees of said company; and said Grimes and White were respectively the…