Snyder Bros. v. Bailey
Illinois Supreme Court
Appeal from the Appellate Court for the Second District;—heard in that court on appeal from the Circuit Court of Knox county; the Hon. John J. Glenn, Judge, presiding. . Snyder Bros., a corporation organized under the laws of this State, doing business at Galesburg, Ill., as retail dealers in notions and general merchandise, became indebted to appellees in the sum of $752 and in certain sums to other persons and corporations.
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Appeal from the Appellate Court for the Second District;—heard in that court on appeal from the Circuit Court of Knox county; the Hon. John J. Glenn, Judge, presiding. . Snyder Bros., a corporation organized under the laws of this State, doing business at Galesburg, Ill., as retail dealers in notions and general merchandise, became indebted to appellees in the sum of $752 and in certain sums to other persons and corporations. On January 2, 1894, it executed to the first National Bank of Galesburg its promissory note for $2400; to S. Spear & Son another for $263.28; to John Ridley a third for…
1Opinion of the CourtJustice Wilkin
The bill of complainants below is based upon the theory that the confessed judgments are void, and it is in effect admitted that if they are not, the decree of the circuit court was right. It is, we think, well settled, at least in this State, that a corporation, by its president, treasurer or secretary, if authorized to do so, may execute promissory notes of the company with warrants of attorney to confess judgments thereon. If they are executed under the seal of the corporation by such officers their authority to execute them will be presumed. It has been held by this court that warrants of…
2Cases cited5 opinions
- Atwater v. American Exchange Nat. BankIllinois Supreme Court · 1894
- McDonald v. ChisholmIllinois Supreme Court · 1890
- Roundy v. HuntIllinois Supreme Court · 1860
- Matzenbaugh v. DoyleIllinois Supreme Court · 1895
- Stein v. GoodIllinois Supreme Court · 1885
3Cited by11 opinions
- Collins v. Tracy Grill & Bar Corp.Superior Court of Pennsylvania · 1940
- Burkett v. Finger Lake Development Corp.Appellate Court of Illinois · 1975
- Lemars Shoe Co. v. Lemars Shoe Mfg. Co.Appellate Court of Illinois · 1900
- Monarch Refrigerating Co. v. Farmers' Peanut Co.Court of Appeals for the Fourth Circuit · 1935
- State Bank of East Moline v. Moline Pressed Steel Co.Illinois Supreme Court · 1918
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