Snell v. Amite Oil Co.

OVERTON, Justice.

This is a, suit to foreclose a mortgage by executory process, alleged to have been executed by defendant, through its president, by virtue of a resolution of its board of directors. An order of seizure and sale was granted plaintiff. Defendant has appealed suspensively from this order. Its complaint is that it does not appear in the manner prescribed by law that its president was authorized to grant the mortgage.

To pnable the president of a corporation to bind it he must be authorized to do so. Such authority is generally granted by a resolution of the corporation’s board of…